We discuss Stan’s path to consistent profitability as a prop trader, and then we get into specifics about the various strategies that Stan has traded in recent years—including the actual strategies that he implements today. I also ask Stan to share details about the various forms of analysis (statistical, fundamental and technical) that he uses to identify his best trading opportunities each day.

And if you like this episode, you should go back and listen to Mike Katz on episode 156. Because Mike’s the co-founder of Seven Points, and as you’ll hear, he was a mentor to Stan while he was still developing the skills to trade professionally.

]]>It’s with great pleasure that I introduce to you, Stan Gluzman; an intraday equities trader at proprietary trading firm Seven Points Capital. Stan also heads up a small team of junior traders at one of the firms’ additional offices—outside of New York—in Fort Lauderdale, Florida.

We discuss Stan’s path to consistent profitability as a prop trader, and then we get into specifics about the various strategies that Stan has traded in recent years—including the actual strategies that he implements today. I also ask Stan to share details about the various forms of analysis (statistical, fundamental and technical) that he uses to identify his best trading opportunities each day.

And if you like this episode, you should go back and listen to Mike Katz on episode 156. Because Mike’s the co-founder of Seven Points, and as you’ll hear, he was a mentor to Stan while he was still developing the skills to trade professionally.

]]>01:16:23nofull170: Joshua Greenwald – The technology edge—how a team of options market makers found success in AsiaWed, 16 Jan 2019 21:54:27 +0000My guest on this episode is Joshua Greenwald, the CEO of a newly formed crypto derivatives exchange, LXDX. But the part that got me keen to speak with Josh, was the fact that he was a professional trader for more than 10-years prior…

Josh started his career at DRW Trading in Chicago, he then left after six years and went on to co-found Greenlight Trading—a proprietary firm specializing in low-latency options market making, almost exclusively for Asian markets. Greenlight grew to be a team of approximately 30-people, before it was acquired.

Over the next hour or so, we spoke a lot about Greenlight; the timeline from beginning development up to beginning to trade, the signals and the opportunities that they went after, and even the technology that they utilized (i.e. custom built FPGA chips).

Towards the end, we discuss what’s involved in starting an exchange, the functionality and features that are missing from most crypto exchanges but common in traditional markets. And how LXDX is using a security token offering for additional funding (not an endorsement).

]]>My guest on this episode is Joshua Greenwald, the CEO of a newly formed crypto derivatives exchange, LXDX. But the part that got me keen to speak with Josh, was the fact that he was a professional trader for more than 10-years prior…

Josh started his career at DRW Trading in Chicago, he then left after six years and went on to co-found Greenlight Trading—a proprietary firm specializing in low-latency options market making, almost exclusively for Asian markets. Greenlight grew to be a team of approximately 30-people, before it was acquired.

Over the next hour or so, we spoke a lot about Greenlight; the timeline from beginning development up to beginning to trade, the signals and the opportunities that they went after, and even the technology that they utilized (i.e. custom built FPGA chips).

Towards the end, we discuss what’s involved in starting an exchange, the functionality and features that are missing from most crypto exchanges but common in traditional markets. And how LXDX is using a security token offering for additional funding (not an endorsement).

]]>01:13:51nofull169: Jack Ma – Strategies die, skills surviveWed, 19 Dec 2018 20:31:08 +0000Jack Ma is a proprietary futures trader from Sydney and the head trader of Minter Capital—a firm he established this year, in which he currently mentors and backs a group of developing traders.

Jack trades an “inventory style” in the market of Australian 90-Day Bank Bills—continually working structures around his expectations of yield strip movements, with minimal exposure to outright risk. He also trades Australian 3-year and 10-year Government Bonds, but predominantly during rolls (contract expiry).

During this conversation, you’ll hear about Jack’s progression over the past 5-years—breakthroughs and lessons learned, plus his thoughts on trading as a skill (not a strategy), gaining an edge, mindset and competitiveness.

]]>Jack Ma is a proprietary futures trader from Sydney and the head trader of Minter Capital—a firm he established this year, in which he currently mentors and backs a group of developing traders.

Jack trades an “inventory style” in the market of Australian 90-Day Bank Bills—continually working structures around his expectations of yield strip movements, with minimal exposure to outright risk. He also trades Australian 3-year and 10-year Government Bonds, but predominantly during rolls (contract expiry).

During this conversation, you’ll hear about Jack’s progression over the past 5-years—breakthroughs and lessons learned, plus his thoughts on trading as a skill (not a strategy), gaining an edge, mindset and competitiveness.

]]>01:26:17yesfull168: Anand "Lucci" Sanghvi – Stay alive, wait for your market, then all guns blazingTue, 27 Nov 2018 22:26:51 +0000If you’ve been through the archives, then this weeks guest will be no stranger; it’s the options madman and trader of 10+ years, Anand “Lucci” Sanghvi.

Lucci was one of the first guests to appear on Chat With Traders—back in 2015. As you can imagine, there’s been plenty happening since then, so we took this opportunity to catch up…

Topics of discussion range from life in Puerto Rico, dealing with taxes as a trader, a failed hedge fund, what’s been working for Lucci in equity options—and how he’s continued to evolve in recent years, plus many thoughts on trader psychology.

]]>If you’ve been through the archives, then this weeks guest will be no stranger; it’s the options madman and trader of 10+ years, Anand “Lucci” Sanghvi.

Lucci was one of the first guests to appear on Chat With Traders—back in 2015. As you can imagine, there’s been plenty happening since then, so we took this opportunity to catch up…

Topics of discussion range from life in Puerto Rico, dealing with taxes as a trader, a failed hedge fund, what’s been working for Lucci in equity options—and how he’s continued to evolve in recent years, plus many thoughts on trader psychology.

]]>01:32:55yesfull167: Bobby Cho – Crypto’s not dead (it just went pop)Wed, 31 Oct 2018 12:04:28 +0000Bobby Cho is the global head of trading at Cumberland—which is the crypto arm of Chicago trading firm, DRW and it’s one of the largest liquidity providers in the space. Prior to this, Bobby was director of trading at itBit and vice president of trading at Digital Currency Group (formerly known as SecondMarket).

After featuring on the podcast in August last year, I thought it would be fitting to check in with Bobby again, because of the events which have unfolded in cryptocurrency markets over the past 12 months…

Our conversation begins with some of the highlights from the recent Cumberland Summit—which was an industry event for insiders, and Cumberland’s international expansion. Then we get into Bitcoin’s sudden rise and decline from $20k, whether or not crypto markets have matured, decentralised exchanges, crypto’s value and use cases, institutional involvement and the bigger picture moving forward.

]]>Bobby Cho is the global head of trading at Cumberland—which is the crypto arm of Chicago trading firm, DRW and it’s one of the largest liquidity providers in the space. Prior to this, Bobby was director of trading at itBit and vice president of trading at Digital Currency Group (formerly known as SecondMarket).

After featuring on the podcast in August last year, I thought it would be fitting to check in with Bobby again, because of the events which have unfolded in cryptocurrency markets over the past 12 months…

Our conversation begins with some of the highlights from the recent Cumberland Summit—which was an industry event for insiders, and Cumberland’s international expansion. Then we get into Bitcoin’s sudden rise and decline from $20k, whether or not crypto markets have matured, decentralised exchanges, crypto’s value and use cases, institutional involvement and the bigger picture moving forward.

]]>01:08:28nofull166: Hugo Bowne-Anderson – The trader’s guide for learning to code (with a data scientist)Wed, 26 Sep 2018 22:42:41 +0000For this episode, I speak with Hugo Bowne-Anderson; a data scientist at DataCamp (an educational platform for learning to code) and host of the DataFramed podcast.

The idea for asking Hugo to appear on this episode, was to chat about learning a programming language. Because for some traders, having the ability to write code can have great advantages—such as having the ability to collect stats on market behavior, perform research in a robust data-driven way, visualize large amounts of data, backtest and analyse trading ideas, implement algorithmic strategies, etc.

Plus more professional trading firms and finance related positions now require applicants to have some programming skills. And the same goes for many industries, which should be no surprise, considering a recent IBM study revealed that ‘90% of the world’s data has been created in the last two years alone.’

Hugo and I discuss when someone should consider learning to code, determining what’s relevant, the time it takes to become fluent in a programming language, working with new datasets, what to be wary of when using predictive models. And for fun, I ask Hugo (as a data scientist) how he’d go about creating a basic strategy…

]]>For this episode, I speak with Hugo Bowne-Anderson; a data scientist at DataCamp (an educational platform for learning to code) and host of the DataFramed podcast.

The idea for asking Hugo to appear on this episode, was to chat about learning a programming language. Because for some traders, having the ability to write code can have great advantages—such as having the ability to collect stats on market behavior, perform research in a robust data-driven way, visualize large amounts of data, backtest and analyse trading ideas, implement algorithmic strategies, etc.

Plus more professional trading firms and finance related positions now require applicants to have some programming skills. And the same goes for many industries, which should be no surprise, considering a recent IBM study revealed that ‘90% of the world’s data has been created in the last two years alone.’

Hugo and I discuss when someone should consider learning to code, determining what’s relevant, the time it takes to become fluent in a programming language, working with new datasets, what to be wary of when using predictive models. And for fun, I ask Hugo (as a data scientist) how he’d go about creating a basic strategy…

]]>55:11nofull165: Michael Samuels – Speculating on mergers—and a case of “excessive” due diligenceMon, 10 Sep 2018 00:19:49 +0000I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..."

Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital.

Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation disconnects.

During this episode you'll hear about merger-arb strategies (including examples), what happens during takeovers, a case of "excessive" due diligence, mistakes made and lessons learned during Michael's career, plus plenty more.

You should also note, Michael has recently begun hosting a podcast about M&A activity and the journalists who report on significant company news: According To Sources

]]>I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..."

Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital.

Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation disconnects.

During this episode you'll hear about merger-arb strategies (including examples), what happens during takeovers, a case of "excessive" due diligence, mistakes made and lessons learned during Michael's career, plus plenty more.

You should also note, Michael has recently begun hosting a podcast about M&A activity and the journalists who report on significant company news: According To Sources

]]>01:00:52nofull164: Nick Fabrio – How to scalp ASX stocks and make a pretty pennyWed, 01 Aug 2018 13:21:02 +0000Nick Fabrio is an exceptional day trader. With a bias for short selling and playing catalysts on the Australian stock market, Nick had surpassed a million dollars in trading profits within his first three years. And all along, he’s been a self-directed ‘retail’ trader.

Although he currently lives in Texas, Nick and I were able to catch up, sit down and record this podcast while he was back in Sydney last month. We got talking about many things; from dealing chips at The Star casino to receiving threats from a company’s lawyers, analyzing market depth and everything in between.

]]>Nick Fabrio is an exceptional day trader. With a bias for short selling and playing catalysts on the Australian stock market, Nick had surpassed a million dollars in trading profits within his first three years. And all along, he’s been a self-directed ‘retail’ trader.

Although he currently lives in Texas, Nick and I were able to catch up, sit down and record this podcast while he was back in Sydney last month. We got talking about many things; from dealing chips at The Star casino to receiving threats from a company’s lawyers, analyzing market depth and everything in between.

]]>01:23:35nofull163: John "Rambo" Moulton – An evening with a veteran trader [LIVE]Tue, 03 Jul 2018 14:19:42 +0000This special episode of Chat With Traders was recorded in June 2018, in front of a live audience in Sydney. It’s a conversation I had with John Moulton, though better known as Rambo.

John’s a serious trader, and for good reason, he’s considered to be somewhat of a legend trader in Australia…

In short, John left the Chicago trading pits in the 80’s, bound for the Sydney Futures Exchange. During the years that followed, he became a VERY large spread trader of Government Bonds and Bank Bills—he was responsible for a major share of the trading volume done each day.

Now forty years on, since placing his first trade, John is still an active market participant—trading from a coastal location in Queensland, Australia. So, press play and listen in to our conversation, as John reflects on the things which matter most for achieving success and longevity as a trader.

With great honor, I present to you John Moulton (aka Rambo!)

]]>This special episode of Chat With Traders was recorded in June 2018, in front of a live audience in Sydney. It’s a conversation I had with John Moulton, though better known as Rambo.

John’s a serious trader, and for good reason, he’s considered to be somewhat of a legend trader in Australia…

In short, John left the Chicago trading pits in the 80’s, bound for the Sydney Futures Exchange. During the years that followed, he became a VERY large spread trader of Government Bonds and Bank Bills—he was responsible for a major share of the trading volume done each day.

Now forty years on, since placing his first trade, John is still an active market participant—trading from a coastal location in Queensland, Australia. So, press play and listen in to our conversation, as John reflects on the things which matter most for achieving success and longevity as a trader.

With great honor, I present to you John Moulton (aka Rambo!)

]]>01:10:44yesfull162: Mike Bellafiore – The formula for how to become a 7-figure day traderFri, 11 May 2018 21:31:40 +0000Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022.

As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success.

There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time.

--

Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets

]]>Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022.

As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success.

There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time.

--

Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets

]]>01:09:02nofull161: Mike Agne – When there’s blood in the water, the sharks will comeFri, 20 Apr 2018 21:55:05 +0000For this episode, I got to catch up with Mike Agne (@EconEmotions). I know some of you will be well acquainted with Mike; I first interviewed him last year in New York—in person for a live event, and then he was on the podcast in August last year too.

Mike’s trading experience runs deep in bonds/fixed income, also index futures and options. And for a long time he was a prop trader at the renown TransMarket Group. Additionally, Mike writes an excellent weekly newsletter about global markets.

Catching up this time, we talk; relative value trading, the recent pick up in volatility and regime changes, Mike’s economic outlook, risk parameters, technical analysis, making money in bear markets and developments in the world of crypto assets.

]]>For this episode, I got to catch up with Mike Agne (@EconEmotions). I know some of you will be well acquainted with Mike; I first interviewed him last year in New York—in person for a live event, and then he was on the podcast in August last year too.

Mike’s trading experience runs deep in bonds/fixed income, also index futures and options. And for a long time he was a prop trader at the renown TransMarket Group. Additionally, Mike writes an excellent weekly newsletter about global markets.

Catching up this time, we talk; relative value trading, the recent pick up in volatility and regime changes, Mike’s economic outlook, risk parameters, technical analysis, making money in bear markets and developments in the world of crypto assets.

DRW began as a Chicago trading firm, founded by Don Wilson 25 years ago. Since then, it has grown to be one of the world’s largest firms, with offices in six major cities around the globe and over 800 employees.

It has also become much more than solely a trading firm—the firm’s operations have extended to cryptocurrency market making, large scale property development, and of course, venture capital.

Kim and I talk about; why companies seek venture capital, how investment opportunities are assessed and valued, thoughts on risk/reward. Plus, why the firm has a keen interest in companies innovating with blockchain technology (and ICO’s!)

]]>For this episode of Chat With Traders podcast, ironically, I’m not chatting with a trader. Instead, I’m speaking with Kimberly Trautmann and she’s Head of DRW Venture Capital.

DRW began as a Chicago trading firm, founded by Don Wilson 25 years ago. Since then, it has grown to be one of the world’s largest firms, with offices in six major cities around the globe and over 800 employees.

It has also become much more than solely a trading firm—the firm’s operations have extended to cryptocurrency market making, large scale property development, and of course, venture capital.

Kim and I talk about; why companies seek venture capital, how investment opportunities are assessed and valued, thoughts on risk/reward. Plus, why the firm has a keen interest in companies innovating with blockchain technology (and ICO’s!)

]]>40:15nofull159: Greg Newman – Bringing stoicism to trading—and market making in oil derivativesSun, 25 Feb 2018 13:01:07 +0000I was recently introduced to Greg Newman by James King [Episode 133]. The two previously worked together at Mandara Capital, a London Trading firm…

There, James was the performance director (with a background in sports science), and Greg was head of a highly successful oil trading desk—which he built from the ground up in three years, with some guidance from James for overcoming obstacles.

Now, Greg remains a serious participant in oil derivatives and has gone on to become a founding partner of Onyx Commodities. Greg and his firm are most active in oil futures (and the energy sector), but also trading in related OTC products, or better known as swaps.

So naturally, you’ll hear Greg speak about futures, swaps, producers and the physical—which is really interesting! He also talks about “trade craft” and how stoic thinking has moulded him into the trader he is today.

]]>I was recently introduced to Greg Newman by James King [Episode 133]. The two previously worked together at Mandara Capital, a London Trading firm…

There, James was the performance director (with a background in sports science), and Greg was head of a highly successful oil trading desk—which he built from the ground up in three years, with some guidance from James for overcoming obstacles.

Now, Greg remains a serious participant in oil derivatives and has gone on to become a founding partner of Onyx Commodities. Greg and his firm are most active in oil futures (and the energy sector), but also trading in related OTC products, or better known as swaps.

So naturally, you’ll hear Greg speak about futures, swaps, producers and the physical—which is really interesting! He also talks about “trade craft” and how stoic thinking has moulded him into the trader he is today.

]]>01:16:40nofull158: Phil, @OzarkTrades – Short hype stocks, long farmlandSat, 10 Feb 2018 02:31:26 +0000Phil Goedeker has been trading stocks for, roughly, 15 years. He started young, in college, made a truckload of money in a short period of time, which then afforded him the luxury of never having to work a “real job.”

Admittedly, Phil will tell you, luck was a major factor early on. Nonetheless, he’s been abundantly successful since, and has continued trading—now with a strategy, with rules and with an edge. Phil’s way of trading is to short parabolic moves—on low float stocks which have been seriously hyped up, and when he senses golden opportunities, he strikes with real conviction.

You’ll hear Phil speak about; his early days and progression, his obsession with cutting losses quickly and going hard on trades which can make a good year a great year. Plus some talk about strategy, timing, setups and why Phil is set on filtering his trading profits into farmland…

]]>Phil Goedeker has been trading stocks for, roughly, 15 years. He started young, in college, made a truckload of money in a short period of time, which then afforded him the luxury of never having to work a “real job.”

Admittedly, Phil will tell you, luck was a major factor early on. Nonetheless, he’s been abundantly successful since, and has continued trading—now with a strategy, with rules and with an edge. Phil’s way of trading is to short parabolic moves—on low float stocks which have been seriously hyped up, and when he senses golden opportunities, he strikes with real conviction.

You’ll hear Phil speak about; his early days and progression, his obsession with cutting losses quickly and going hard on trades which can make a good year a great year. Plus some talk about strategy, timing, setups and why Phil is set on filtering his trading profits into farmland…

]]>58:54nofull157: Alex, @TAGRtrades – What this day trader learned after returning 1400% in one yearSat, 27 Jan 2018 04:13:28 +0000

When Alex (@TAGRtrades) was on CWT for the first time—Episode 119, he was beginning to make head way as a full-time day trader, since abandoning a secure job in recent years. But since then, he’s really stepped it up a notch…

Alex started 2017 with an account balance of $32,000 and finished the year with a compounded return of 1,400%. But what makes things more significant, is how he was able to achieve this with minimal drawdown.

Over the course of this episode, you’re going to hear Alex and I reviewing his performance of the past twelve months—what he did well and areas where he would like to further improve. Alex also talks about his strategy; from scanning to entries to managing positions. Plus psychology, self-discipline and more.

]]>When Alex (@TAGRtrades) was on CWT for the first time—Episode 119, he was beginning to make head way as a full-time day trader, since abandoning a secure job in recent years. But since then, he’s really stepped it up a notch…

Alex started 2017 with an account balance of $32,000 and finished the year with a compounded return of 1,400%. But what makes things more significant, is how he was able to achieve this with minimal drawdown.

Over the course of this episode, you’re going to hear Alex and I reviewing his performance of the past twelve months—what he did well and areas where he would like to further improve. Alex also talks about his strategy; from scanning to entries to managing positions. Plus psychology, self-discipline and more.

]]>59:55nofull156: Michael Katz – Day trader, green every month, talks consistency, strategy and doing sizeSat, 13 Jan 2018 06:17:14 +0000Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too.

In this episode, Mike discusses the things which have attributed most to his consistency over the years, insight to his momentum strategies, and how he’s able to turnover millions of shares each month, and of course, plenty more.

]]>Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too.

In this episode, Mike discusses the things which have attributed most to his consistency over the years, insight to his momentum strategies, and how he’s able to turnover millions of shares each month, and of course, plenty more.

]]>57:49nofull155: Anthony Saliba – The trader’s guide to building generational wealthFri, 29 Dec 2017 00:22:49 +0000Anthony Saliba, an original Market Wizard, was first on episode 107. On that episode, we mostly discussed Tony’s life as a trader and related subjects. But one area we didn’t get into too much, was his life as a parallel entrepreneur and an investor.

So, I mentioned to Tony, this time around, it’s something I’m keen to hear a lot more about. Because his success extends far beyond trading alone…

For example; LiquidPoint, an options execution and technology firm which Tony founded, was acquired in 2007 for a sum of mid nine-figures. He’s also invested in upwards of 100 companies—in a whole range of sectors, owns a golf resort, shopping centers and other real estate. And that’s not all.

The underlying theme throughout this episode is not how to become a better trader, but how to build generational wealth!

]]>Anthony Saliba, an original Market Wizard, was first on episode 107. On that episode, we mostly discussed Tony’s life as a trader and related subjects. But one area we didn’t get into too much, was his life as a parallel entrepreneur and an investor.

So, I mentioned to Tony, this time around, it’s something I’m keen to hear a lot more about. Because his success extends far beyond trading alone…

For example; LiquidPoint, an options execution and technology firm which Tony founded, was acquired in 2007 for a sum of mid nine-figures. He’s also invested in upwards of 100 companies—in a whole range of sectors, owns a golf resort, shopping centers and other real estate. And that’s not all.

The underlying theme throughout this episode is not how to become a better trader, but how to build generational wealth!

]]>01:21:48nofull154: Andreas Koukorinis – When a quant trader enters the world of sports betting…Fri, 15 Dec 2017 22:48:02 +0000Andreas Koukorinis lives in London and in 2013 he co-founded Stratagem Technologies—a tech startup using AI and machine learning to trade sports as a financial product. These sports predominately include; football, tennis and basketball.

But for Andreas, his roots are in trading instruments and markets that most of us are more accustomed to. He’s worked for the likes of Morgan Stanley and Deutsche Bank, and before Strategem came to be, he was trading at DeepValue.

From listening to this episode, you’ll soon notice that Andreas is passionate about applying rigorous trading principles to nascent markets, as well as the broader applications of AI as a technology.

]]>Andreas Koukorinis lives in London and in 2013 he co-founded Stratagem Technologies—a tech startup using AI and machine learning to trade sports as a financial product. These sports predominately include; football, tennis and basketball.

But for Andreas, his roots are in trading instruments and markets that most of us are more accustomed to. He’s worked for the likes of Morgan Stanley and Deutsche Bank, and before Strategem came to be, he was trading at DeepValue.

From listening to this episode, you’ll soon notice that Andreas is passionate about applying rigorous trading principles to nascent markets, as well as the broader applications of AI as a technology.

]]>55:30nofull153: Xiao Qiao – Research analyst shares practical ways to do better researchThu, 07 Dec 2017 07:04:30 +0000Xiao Qiao is a research analyst for a Connecticut-based hedge fund, focused on trading commodity futures. He graduated with a PhD in Finance—and was a teaching assistant to renown economist Eugene Fama.

Notably, Xiao has also worked directly with trading legend Blair Hull on two quantitative research projects, which concern market timing and return predictability.

The main objective of this episode with Xiao, is to learn how a research analyst thinks about things directly related to research, and ways that you can do better market research for yourself.

On top of this, Xiao, based on his experience, shares a few tips for those who have an urge to study something—but are unsure about what to study, and some of the differences he's observed between the world of academia and working as a practitioner.

]]>Xiao Qiao is a research analyst for a Connecticut-based hedge fund, focused on trading commodity futures. He graduated with a PhD in Finance—and was a teaching assistant to renown economist Eugene Fama.

Notably, Xiao has also worked directly with trading legend Blair Hull on two quantitative research projects, which concern market timing and return predictability.

The main objective of this episode with Xiao, is to learn how a research analyst thinks about things directly related to research, and ways that you can do better market research for yourself.

On top of this, Xiao, based on his experience, shares a few tips for those who have an urge to study something—but are unsure about what to study, and some of the differences he's observed between the world of academia and working as a practitioner.

]]>01:02:24nofull152: Kory Hoang – A beginners foray into (part-time) systematic tradingThu, 30 Nov 2017 11:16:43 +0000Kory Hoang is not a veteran trader—he’s not someone who has been doing this 10-20 years. He’s someone who has been doing this for only a few years, yet he’s begun to make decent gains on his trading capital.

Kory is also not a full-time trader …well, at the time of recording this—a few weeks ago—he wasn’t! Kory was a private equity analyst for Pitchbook, who traded on the side. But he’s since informed me that he’s handed in his notice and taken the leap to focus on trading (plus a couple startup projects).

In terms of how he trades; Kory is a retail systematic trader. He’s running numerous algorithmic strategies, which he’s developed (all of which are fairly simple). These run on various ETFs, ETNs and even some cryptocurrencies.

During our chat, we cover quite a bit; but mostly his journey and how he’s progressed to this point!

]]>Kory Hoang is not a veteran trader—he’s not someone who has been doing this 10-20 years. He’s someone who has been doing this for only a few years, yet he’s begun to make decent gains on his trading capital.

Kory is also not a full-time trader …well, at the time of recording this—a few weeks ago—he wasn’t! Kory was a private equity analyst for Pitchbook, who traded on the side. But he’s since informed me that he’s handed in his notice and taken the leap to focus on trading (plus a couple startup projects).

In terms of how he trades; Kory is a retail systematic trader. He’s running numerous algorithmic strategies, which he’s developed (all of which are fairly simple). These run on various ETFs, ETNs and even some cryptocurrencies.

During our chat, we cover quite a bit; but mostly his journey and how he’s progressed to this point!

The reason why I asked Rick to appear on this episode is because, as we know, not everyone is cut out to be a trader. And that’s fine! I’d like to highlight, there are many other roles in the world of trading where you can have a great impact by leveraging skills which you may have already attained…

Prior to teaming up with his cousin, a large interest rate trader, who anticipated the inflection point of automated trading, Rick was modelling combat scenarios for the military and he also did a short stint at Google as a product manager.

]]>Rick Lane is the current CEO of Trading Technologies—a software provider that develop high-performance trading platforms which are used by; proprietary traders, hedge funds, CTAs, brokers and banks etc.

The reason why I asked Rick to appear on this episode is because, as we know, not everyone is cut out to be a trader. And that’s fine! I’d like to highlight, there are many other roles in the world of trading where you can have a great impact by leveraging skills which you may have already attained…

Prior to teaming up with his cousin, a large interest rate trader, who anticipated the inflection point of automated trading, Rick was modelling combat scenarios for the military and he also did a short stint at Google as a product manager.

]]>01:03:26nofull150: Aaron Brown, Pt. 2 – A lesson in risk taking—with the former risk manager of a $200B fundWed, 08 Nov 2017 23:25:25 +0000Following on from Episode 149, here’s part two of the interview with Aaron Brown.

To refresh your memory, Aaron is highly regarded as an authority on the subject of risk taking. For the past 30-years he’s worked as a dedicated risk manager, and for the past decade, Aaron was the risk manager for renown quant fund, AQR.

Coming up on this episode, you’ll gain deeper insight to how you can better understand and manage risk for yourself—we go over: Questions traders should be asking themselves, how to leave less money on the table, high win rate verse low win rate strategies, black swans, killing opportunity while trying too hard to prevent disaster. And that’s certainly not all!

]]>Following on from Episode 149, here’s part two of the interview with Aaron Brown.

To refresh your memory, Aaron is highly regarded as an authority on the subject of risk taking. For the past 30-years he’s worked as a dedicated risk manager, and for the past decade, Aaron was the risk manager for renown quant fund, AQR.

Coming up on this episode, you’ll gain deeper insight to how you can better understand and manage risk for yourself—we go over: Questions traders should be asking themselves, how to leave less money on the table, high win rate verse low win rate strategies, black swans, killing opportunity while trying too hard to prevent disaster. And that’s certainly not all!

]]>01:01:40nofull149: Aaron Brown, Pt. 1 – A lesson in risk taking—with the former risk manager of a $200B fundWed, 01 Nov 2017 23:42:04 +0000Aaron Brown is highly regarded as an authority on the subject of risk management. Although he originally started out as a poker player and sports bettor (then a trader and portfolio manager), for the past 30-years Aaron’s been a dedicated risk manager. And for the past 10-years, he was the risk manager for quant fund, AQR.

Aaron has also authored several books (ranging in topics from poker to finance and risk), contributes to Bloomberg View and writes a column for Wilmott Magazine.

On this episode, part one, we talk about: Aaron's early days playing poker, unconscious influences on decision making, the goals and objectives of a risk manager, how Aaron managed the quant equity crisis of August 2007, and much more too.

]]>Aaron Brown is highly regarded as an authority on the subject of risk management. Although he originally started out as a poker player and sports bettor (then a trader and portfolio manager), for the past 30-years Aaron’s been a dedicated risk manager. And for the past 10-years, he was the risk manager for quant fund, AQR.

Aaron has also authored several books (ranging in topics from poker to finance and risk), contributes to Bloomberg View and writes a column for Wilmott Magazine.

On this episode, part one, we talk about: Aaron's early days playing poker, unconscious influences on decision making, the goals and objectives of a risk manager, how Aaron managed the quant equity crisis of August 2007, and much more too.

]]>56:48nofull148: John Grady – The order book—what traders must know about supply and demandThu, 26 Oct 2017 00:22:22 +0000John Grady is an independent futures trader from Florida, who primarily trades Treasury bonds. His trading is purely discretionary, based upon his read of order flow. Essentially, he’s a scalper.

Throughout this episode we talk all things order flow; the basics, the value of an order book, some of John’s trading methods, order types and managing positions, how to build skill at reading order flow, as well as, the impact of HFT and what’s commonly known as spoofing.

]]>John Grady is an independent futures trader from Florida, who primarily trades Treasury bonds. His trading is purely discretionary, based upon his read of order flow. Essentially, he’s a scalper.

Throughout this episode we talk all things order flow; the basics, the value of an order book, some of John’s trading methods, order types and managing positions, how to build skill at reading order flow, as well as, the impact of HFT and what’s commonly known as spoofing.

]]>01:20:46nofull147: Dr Thomas Starke – Detective work leading to viable trading strategies, and the rise of AIThu, 19 Oct 2017 01:08:38 +0000Dr Thomas Starke is a Physics PhD who once designed microchips, worked as an engineer for Rolls Royce and lectured at University of Oxford, before applying his know-how of modelling to financial markets…

As a trader, Thomas has contracted to various funds and up until recently, he was a Quantitative Developer at a well-regarded Sydney prop trading firm.

Thomas was great to chat with—not only did we talk about things related to quant trading, strategy development and robustness, but also his infatuation with disruptive technologies; artificial intelligence and quantum computing.

]]>Dr Thomas Starke is a Physics PhD who once designed microchips, worked as an engineer for Rolls Royce and lectured at University of Oxford, before applying his know-how of modelling to financial markets…

As a trader, Thomas has contracted to various funds and up until recently, he was a Quantitative Developer at a well-regarded Sydney prop trading firm.

Thomas was great to chat with—not only did we talk about things related to quant trading, strategy development and robustness, but also his infatuation with disruptive technologies; artificial intelligence and quantum computing.

Ryan Moffett, the Lead Investment Manager—and a prior guest on Episode 83. Tyler Michalove, who plays a key role in trade execution. And Wayne Klump, who heads up research and strategy development.

We discuss mentoring, the benefits of working in a team, the upside to trading options, the unique edges which can be gained from the multiple dimensions inherent to options, an example of how options could potentially improve an existing strategy and plenty more.

]]>On this episode, I’m joined by three traders from a data-driven, options trading, performance based fund, Blackpier Capital…

Ryan Moffett, the Lead Investment Manager—and a prior guest on Episode 83. Tyler Michalove, who plays a key role in trade execution. And Wayne Klump, who heads up research and strategy development.

We discuss mentoring, the benefits of working in a team, the upside to trading options, the unique edges which can be gained from the multiple dimensions inherent to options, an example of how options could potentially improve an existing strategy and plenty more.

]]>01:22:05nofull145: Aaron Fifield – Six ways to emulate talented tradersThu, 05 Oct 2017 01:24:24 +0000Here’s the first episode in the history of Chat With Traders podcast, where I don’t have a guest with me. That’s because, this episode is the recording of a talk I gave at Noosapalooza 2017—a trading conference hosted by Nick Radge, here in Australia.

Throughout the talk I pull upon many lessons and snippets of wisdom which have been learned through conversations here on this podcast. So, I’ve appropriately titled the talk; Six Ways to Emulate Talented Traders…

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Sponsored by Scoop Markets: Use a powerful algo to analyse 1000’s of tweets every second—identifies breaking news, before it breaks → Learn more

]]>Here’s the first episode in the history of Chat With Traders podcast, where I don’t have a guest with me. That’s because, this episode is the recording of a talk I gave at Noosapalooza 2017—a trading conference hosted by Nick Radge, here in Australia.

Throughout the talk I pull upon many lessons and snippets of wisdom which have been learned through conversations here on this podcast. So, I’ve appropriately titled the talk; Six Ways to Emulate Talented Traders…

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Sponsored by Scoop Markets: Use a powerful algo to analyse 1000’s of tweets every second—identifies breaking news, before it breaks → Learn more

]]>41:33nofull144: Tim Steenstrup – Learn an arbitrage strategy used by professional stock tradersThu, 28 Sep 2017 15:05:26 +0000Since 2013, Tim Steenstrup has been a cross-border arbitrage trader at Conventus Capital. Though markets have been a part of his life going back to 1994; Tim’s been part of a brokerage firm in Japan, a hedge fund—which was featured in The Big Short movie, and a prominent New York trading firm.

As you’ll soon hear, we skim through Tim’s backstory and then spend a large part of this episode going into the mechanics of how a cross-border arbitrage strategy works. Tim does highlight, this strategy may be difficult to implement as a retail trader, but regardless, I think it’s valuable for you to hear about the various approaches of how professional traders trade…

]]>Since 2013, Tim Steenstrup has been a cross-border arbitrage trader at Conventus Capital. Though markets have been a part of his life going back to 1994; Tim’s been part of a brokerage firm in Japan, a hedge fund—which was featured in The Big Short movie, and a prominent New York trading firm.

As you’ll soon hear, we skim through Tim’s backstory and then spend a large part of this episode going into the mechanics of how a cross-border arbitrage strategy works. Tim does highlight, this strategy may be difficult to implement as a retail trader, but regardless, I think it’s valuable for you to hear about the various approaches of how professional traders trade…

]]>49:54nofull143: Michael Kimelman – Convicted of insider trading—from suburban life to prison lifeWed, 20 Sep 2017 23:43:29 +0000You’re about to hear a first-hand account from someone who’s been on a wild ride through the U.S. justice system. My guest is Michael Kimelman; a former prop trader and hedge fund manager who was convicted (and served time) for insider trading…

You’ll hear about the series of events leading up to his arrest, details about the trial, revelations of a rogue judge and the dim reality of life while incarcerated.

]]>You’re about to hear a first-hand account from someone who’s been on a wild ride through the U.S. justice system. My guest is Michael Kimelman; a former prop trader and hedge fund manager who was convicted (and served time) for insider trading…

You’ll hear about the series of events leading up to his arrest, details about the trial, revelations of a rogue judge and the dim reality of life while incarcerated.

]]>01:12:24nofull142: Bert Mouler – Using creative thought and automation to bypass human flawsWed, 13 Sep 2017 23:01:41 +0000It was exactly 100-episodes ago when I first had Bert Mouler on the podcast. This week, I’m joined by him again for a second interview…

Bert is an algorithmic trader with a serious focus on machine learning. His trading decisions are driven purely by data, and he goes to great lengths to remove human bias and flaws through the use of automation.

So, coming up over the next 60-minutes or so, you'll hear about:

Bert's increasing efforts to automate as many decisions as possible

The attraction of markets and areas with less sophisticated participants

Other potential sources of edge—beyond alpha

A peek into Bert's high frequency market making strategy

And that's certainly not all...

While listening, I encourage you to keep an open mind and mull over Bert’s creative thoughts!

]]>It was exactly 100-episodes ago when I first had Bert Mouler on the podcast. This week, I’m joined by him again for a second interview…

Bert is an algorithmic trader with a serious focus on machine learning. His trading decisions are driven purely by data, and he goes to great lengths to remove human bias and flaws through the use of automation.

So, coming up over the next 60-minutes or so, you'll hear about:

Bert's increasing efforts to automate as many decisions as possible

The attraction of markets and areas with less sophisticated participants

Other potential sources of edge—beyond alpha

A peek into Bert's high frequency market making strategy

And that's certainly not all...

While listening, I encourage you to keep an open mind and mull over Bert’s creative thoughts!

After selling his company in 1998, Erik made a few lifestyle and investing decisions which he soon began to question, but took ownership of his situation and the discovery of global macro set him sailing in a new direction…

Major talking points we cross off, include; how Erik uses the concept of The Fourth Turning and major cycles to guide his macro outlook. And one possible scenario for the future of cryptocurrencies—I'm sure some of you won't like what you hear, but I think it's well worth listening to!

]]>Featuring on this episode is former software entrepreneur turned hedge fund manager, Erik Townsend. I’m sure some will already be quite familiar with Erik—in particular the macro investing crowd, as Erik also hosts the Macro Voices podcast.

After selling his company in 1998, Erik made a few lifestyle and investing decisions which he soon began to question, but took ownership of his situation and the discovery of global macro set him sailing in a new direction…

Major talking points we cross off, include; how Erik uses the concept of The Fourth Turning and major cycles to guide his macro outlook. And one possible scenario for the future of cryptocurrencies—I'm sure some of you won't like what you hear, but I think it's well worth listening to!

]]>01:31:49nofull140: Jimmy Soni – The life and times of genius problem solver, Claude ShannonThu, 31 Aug 2017 01:15:19 +0000My guest on this episode is Jimmy Soni—who, with his co-author Rob Goodman, recently wrote the biography of Claude Shannon, titled; A Mind at Play.

Shannon was born in 1916 and became one of the foremost intellects of the twentieth century, before passing away in 2001. He was a mathematician, a scientist, an inventor and also, a stock market investor…

Although he’s widely unknown by the general public, Shannon is responsible for Information Theory—a revolutionary method of measuring information which stands behind much of the technology we use all day everyday.

Shannon’s other achievements, discoveries and inventions range from artificial intelligence to cryptography and fire breathing trumpets to chess playing machines and the world’s first wearable computer, and that’s not all!

]]>My guest on this episode is Jimmy Soni—who, with his co-author Rob Goodman, recently wrote the biography of Claude Shannon, titled; A Mind at Play.

Shannon was born in 1916 and became one of the foremost intellects of the twentieth century, before passing away in 2001. He was a mathematician, a scientist, an inventor and also, a stock market investor…

Although he’s widely unknown by the general public, Shannon is responsible for Information Theory—a revolutionary method of measuring information which stands behind much of the technology we use all day everyday.

Shannon’s other achievements, discoveries and inventions range from artificial intelligence to cryptography and fire breathing trumpets to chess playing machines and the world’s first wearable computer, and that’s not all!

]]>01:15:35nofull139: Bobby Cho – Making way for the 'whales' of cryptocurrency marketsThu, 24 Aug 2017 00:10:11 +0000Bobby Cho is a cryptocurrency trader at Cumberland Mining—which is a company of DRW Trading. Ever since getting involved in financial markets, during 2008, he has gravitated towards mostly illiquid/difficult-to-trade products…

So, in some ways, it was inevitable that Bobby would begin to explore Bitcoin and other cryptocurrencies. This was around 2013, while Vice President at SecondMarket.

In 2014, Bobby became Director at Bitcoin exchange, itBit, and then in 2016, joined Cumberland Mining—one of the largest institutional liquidity providers in cryptocurrency markets (predominately Bitcoin and Ethereum).

During the episode, Bobby and I got speaking about some pretty interesting topics, which ranged from; the infrastructure of crypto markets to the curiosity and entrepreneurial mindset which powers DRW, and the challenges of exchange arbitrage to the real world value of Blockchain technology.

]]>Bobby Cho is a cryptocurrency trader at Cumberland Mining—which is a company of DRW Trading. Ever since getting involved in financial markets, during 2008, he has gravitated towards mostly illiquid/difficult-to-trade products…

So, in some ways, it was inevitable that Bobby would begin to explore Bitcoin and other cryptocurrencies. This was around 2013, while Vice President at SecondMarket.

In 2014, Bobby became Director at Bitcoin exchange, itBit, and then in 2016, joined Cumberland Mining—one of the largest institutional liquidity providers in cryptocurrency markets (predominately Bitcoin and Ethereum).

During the episode, Bobby and I got speaking about some pretty interesting topics, which ranged from; the infrastructure of crypto markets to the curiosity and entrepreneurial mindset which powers DRW, and the challenges of exchange arbitrage to the real world value of Blockchain technology.

]]>39:45nofull138: Kevin Muir – In search of the next great trade—with The Macro TouristThu, 17 Aug 2017 00:27:05 +0000During the 90’s, Kevin Muir was a proprietary derivatives trader for RBC Dominion Securities. In 2000, Kevin branched out to begin trading independently, and since 2014, he’s been writing a daily blog, The Macro Tourist.

Kevin’s unique in the sense that he fits the bill of two largely different trading types; an intraday trader and a global macro trader. He also doesn’t specialize in one particular thing, or certainly not to the extent that many traders do…

Kevin can be quoted as saying, “I never know where I’m going to make money next year.” And that’s because he’s someone who’s continually seeking out the next great trade. In the past, Kevin’s great trades have come in the form of; risk arbitrage, mining Bitcoin, convertible bonds and day trading futures—amongst many other things!

]]>During the 90’s, Kevin Muir was a proprietary derivatives trader for RBC Dominion Securities. In 2000, Kevin branched out to begin trading independently, and since 2014, he’s been writing a daily blog, The Macro Tourist.

Kevin’s unique in the sense that he fits the bill of two largely different trading types; an intraday trader and a global macro trader. He also doesn’t specialize in one particular thing, or certainly not to the extent that many traders do…

Kevin can be quoted as saying, “I never know where I’m going to make money next year.” And that’s because he’s someone who’s continually seeking out the next great trade. In the past, Kevin’s great trades have come in the form of; risk arbitrage, mining Bitcoin, convertible bonds and day trading futures—amongst many other things!

]]>01:23:22nofull137: Dr. William Ziemba – The horse bettor exploiting anomalies in financial marketsWed, 09 Aug 2017 23:37:43 +0000Dr. William Ziemba’s an academic, a practitioner, gambler, trader and an author. He’s worked with and consulted to many well-respected names in the field, such as; Edward Thorp, Blair Hull and the very successful horse bettor, Bill Benter.

In the beginning, horse betting was William’s field of expertise (he even published a book titled, Beat The Racetrack!) And in many ways, for William, horse betting worked as a gateway to trading financial markets—which he’s been doing since 1983.

Now in current times, William manages a fund; Alpha Z Advisors—which started trading in July 2013 and as of May 2017, has returned 527%.

Much of William's trading revolves around calendar anomalies, arbitrage strategies and behavioral biases. We spend a good amount of time discussing these few things, plus William shares one anomaly he's been trading for many years.

In the later part of this episode, we also talk about position sizing, the Kelly Criterion and finally, horse racing.

]]>Dr. William Ziemba’s an academic, a practitioner, gambler, trader and an author. He’s worked with and consulted to many well-respected names in the field, such as; Edward Thorp, Blair Hull and the very successful horse bettor, Bill Benter.

In the beginning, horse betting was William’s field of expertise (he even published a book titled, Beat The Racetrack!) And in many ways, for William, horse betting worked as a gateway to trading financial markets—which he’s been doing since 1983.

Now in current times, William manages a fund; Alpha Z Advisors—which started trading in July 2013 and as of May 2017, has returned 527%.

Much of William's trading revolves around calendar anomalies, arbitrage strategies and behavioral biases. We spend a good amount of time discussing these few things, plus William shares one anomaly he's been trading for many years.

In the later part of this episode, we also talk about position sizing, the Kelly Criterion and finally, horse racing.

]]>01:18:04nofull136: Mike Agne – Take care of the short term; take care of the long termThu, 03 Aug 2017 01:39:52 +0000I first interviewed Mike at CWTNYC, in May 2017. The 100-listeners (give or take) who attended, will already be very familiar with Mike and there may be a few moments of déjà vu throughout this episode. But for everyone else…

Mike came into trading around 20-years ago, beginning at Chicago prop firm, TransMarket Group, where he ultimately spent 12-years of his career. Over the course of his time there, Mike became one of their largest 30-year Treasury basis traders, both in terms of volume and performance.

Now days, Mike is trading a relative value strategy through his own book, and building out a track record with the aim to launch a hedge fund in the coming years…

But you’ll hear more about all of this, the things which have helped Mike get to where he is now, and how he trades bonds using a relative value strategy during this episode.

]]>I first interviewed Mike at CWTNYC, in May 2017. The 100-listeners (give or take) who attended, will already be very familiar with Mike and there may be a few moments of déjà vu throughout this episode. But for everyone else…

Mike came into trading around 20-years ago, beginning at Chicago prop firm, TransMarket Group, where he ultimately spent 12-years of his career. Over the course of his time there, Mike became one of their largest 30-year Treasury basis traders, both in terms of volume and performance.

Now days, Mike is trading a relative value strategy through his own book, and building out a track record with the aim to launch a hedge fund in the coming years…

But you’ll hear more about all of this, the things which have helped Mike get to where he is now, and how he trades bonds using a relative value strategy during this episode.

]]>01:15:31nofull135: Sheelah Kolhatkar – How mastermind trader, Steven Cohen, bent rules and made billionsWed, 26 Jul 2017 22:58:35 +0000Sheelah Kolhatkar is a writer at the The New Yorker, who was previously a journalist at Bloomberg Businessweek, and prior to that, a hedge fund analyst.

She’s also the author of New York Times bestseller, Black Edge: Inside Information, Dirty Money and the Quest to Bring Down the Most Wanted Man on Wall Street.

Of course, the most wanted man being referred to, is the ultra-wealthy hedge fund legend, Steven Cohen of S.A.C. Capital Advisors—someone who Sheelah has become very familiar with, through much of her own tireless and strenuous research…

During our conversation, Sheelah gives color to; where Steven started out in life and how he became an ultra-wealthy multi-billionaire—with, might I add, an elaborate art collection, how S.A.C. became the target of one of histories greatest insider trading investigations, and ultimately, how it all played out...

]]>Sheelah Kolhatkar is a writer at the The New Yorker, who was previously a journalist at Bloomberg Businessweek, and prior to that, a hedge fund analyst.

She’s also the author of New York Times bestseller, Black Edge: Inside Information, Dirty Money and the Quest to Bring Down the Most Wanted Man on Wall Street.

Of course, the most wanted man being referred to, is the ultra-wealthy hedge fund legend, Steven Cohen of S.A.C. Capital Advisors—someone who Sheelah has become very familiar with, through much of her own tireless and strenuous research…

During our conversation, Sheelah gives color to; where Steven started out in life and how he became an ultra-wealthy multi-billionaire—with, might I add, an elaborate art collection, how S.A.C. became the target of one of histories greatest insider trading investigations, and ultimately, how it all played out...

]]>41:36nofull134: BTCVIX – Bitcoin—the magic internet money you can no longer ignoreWed, 19 Jul 2017 21:16:35 +0000On this episode, I have a returning guest—who first appeared on episode 53. His name is a mystery, but he goes by the handle: @BTCVIX

Episode 53 was the first time I covered Bitcoin on this podcast, and that was at the very end of 2015. As you’re probably aware, the cryptocurrency markets have evolved a lot since then, so BTCVIX is here to fill us in on what’s been happening and, potentially, what lies ahead…

We also cover how to acquire various cryptocurrencies, best practises for protecting your coins, is Bitcoin in a bubble, the frenzy surrounding ICO's, and much much more.

]]>On this episode, I have a returning guest—who first appeared on episode 53. His name is a mystery, but he goes by the handle: @BTCVIX

Episode 53 was the first time I covered Bitcoin on this podcast, and that was at the very end of 2015. As you’re probably aware, the cryptocurrency markets have evolved a lot since then, so BTCVIX is here to fill us in on what’s been happening and, potentially, what lies ahead…

We also cover how to acquire various cryptocurrencies, best practises for protecting your coins, is Bitcoin in a bubble, the frenzy surrounding ICO's, and much much more.

]]>01:14:28nofull133: James King – Using sports science to stack probability in favor of trading successWed, 12 Jul 2017 23:02:27 +0000Up until recently, James King was the Performance Director at a commodity trading firm in London, Mandara Capital. And it was here that he implemented scientific methods to stack probability in the favour of success—by using techniques he learned from his education in Applied Sports Science and Performance Psychology.

Now, James is setting out on a new venture, Project Thor, which aims to support talented retail traders with extra capital and other beneficial resources—which we discuss briefly towards the end of the episode.

But for the most part, we discuss; principals for success, testing for resilience, ensuring you’re motivated and focusing on the right things, how ‘stretch goals’ can be used to massively multiply results, routines and heaps more.

]]>Up until recently, James King was the Performance Director at a commodity trading firm in London, Mandara Capital. And it was here that he implemented scientific methods to stack probability in the favour of success—by using techniques he learned from his education in Applied Sports Science and Performance Psychology.

Now, James is setting out on a new venture, Project Thor, which aims to support talented retail traders with extra capital and other beneficial resources—which we discuss briefly towards the end of the episode.

But for the most part, we discuss; principals for success, testing for resilience, ensuring you’re motivated and focusing on the right things, how ‘stretch goals’ can be used to massively multiply results, routines and heaps more.

]]>01:07:21nofull132: Mark Gardner – Still adapting after 80,000+ hours of screen timeWed, 05 Jul 2017 23:49:02 +0000Mark Gardner began working in the field at 17-years old, straight out of high school. Initially he began with back office duties, before broking on the floor of the Sydney Futures Exchange (SFE). Then later he was picked up by a large Bank Bills trader to exclusively execute trades, and who he learned a great deal from.

Around 2005, Mark started trading his own book. Over the 10-years that followed, Mark had only two losing months—and to date, he’s never encountered a losing year. Though in 2015 he did suffer a substantial blow, losing months and months worth of gains in the space of just a few short hours.

Today, Mark is also a partner and the chairman of Genesis Trading (one of the larger prop firms in Australia). He’s also leading a new venture, 42Trading, as a foray into quantitative trading. And to top it off, Mark is the president of the Australian Securities Traders Association too.

Throughout this episode we speak about Mark's insane work ethic (and no, that's not exaggeration!) We also get into lessons from his past, why he sees a future in quantitative trading and more...

]]>Mark Gardner began working in the field at 17-years old, straight out of high school. Initially he began with back office duties, before broking on the floor of the Sydney Futures Exchange (SFE). Then later he was picked up by a large Bank Bills trader to exclusively execute trades, and who he learned a great deal from.

Around 2005, Mark started trading his own book. Over the 10-years that followed, Mark had only two losing months—and to date, he’s never encountered a losing year. Though in 2015 he did suffer a substantial blow, losing months and months worth of gains in the space of just a few short hours.

Today, Mark is also a partner and the chairman of Genesis Trading (one of the larger prop firms in Australia). He’s also leading a new venture, 42Trading, as a foray into quantitative trading. And to top it off, Mark is the president of the Australian Securities Traders Association too.

Throughout this episode we speak about Mark's insane work ethic (and no, that's not exaggeration!) We also get into lessons from his past, why he sees a future in quantitative trading and more...

]]>53:43nofull131: Morgan Slade – Strategy development, powered by machine learningWed, 28 Jun 2017 23:53:02 +0000Morgan’s career as a trader and portfolio manager began 20-years back, and since then he’s worked at many prominent firms and funds—to name just a few; Millburn Ridgefield, Merrill Lynch, Citadel and Allston Trading.

He’s currently the CEO of CloudQuant, a cloud-based algo development platform and fund.

During our conversation, Morgan explains why he feels as though the ‘common’ approach to strategy development can be counter intuitive, and he gives an alternative 3-step formula. We also spend time discussing how machine learning fits into a traders toolbox

]]>Morgan’s career as a trader and portfolio manager began 20-years back, and since then he’s worked at many prominent firms and funds—to name just a few; Millburn Ridgefield, Merrill Lynch, Citadel and Allston Trading.

He’s currently the CEO of CloudQuant, a cloud-based algo development platform and fund.

During our conversation, Morgan explains why he feels as though the ‘common’ approach to strategy development can be counter intuitive, and he gives an alternative 3-step formula. We also spend time discussing how machine learning fits into a traders toolbox

]]>01:07:02nofull130: Ben Mallah – How to own 100’s of millions of dollars of real estateWed, 21 Jun 2017 22:58:02 +0000Ben Mallah is a trader of a different kind—he doesn’t trade stocks and bonds, he trades in real estate. You could probably call him a property developer, although he doesn’t build from scratch; he buys distressed apartment buildings, hotels and shopping centers, fixes them up, and then sells to make a profit.

He grew up in one of the roughest areas of New York and had a very tough upbringing, but Ben is the true definition of a ‘rags to riches’ story…

During his early 20’s, as a side hustle while working in the military, Ben began getting into real estate. Thirty years have since passed, and in that time, he’s built up a real estate empire worth (approximately) $200,000,000.

]]>Ben Mallah is a trader of a different kind—he doesn’t trade stocks and bonds, he trades in real estate. You could probably call him a property developer, although he doesn’t build from scratch; he buys distressed apartment buildings, hotels and shopping centers, fixes them up, and then sells to make a profit.

He grew up in one of the roughest areas of New York and had a very tough upbringing, but Ben is the true definition of a ‘rags to riches’ story…

During his early 20’s, as a side hustle while working in the military, Ben began getting into real estate. Thirty years have since passed, and in that time, he’s built up a real estate empire worth (approximately) $200,000,000.

]]>49:43yesfull129: Victor Haghani – Optimal bet sizing—lessons from a biased coin flip experimentWed, 14 Jun 2017 23:10:35 +0000Victor Haghani began his career at Salomon Brothers in 1984, starting out in a research role before joining their prop trading desk. In 1992, Victor left Salomon to become one of the founding partners of Long Term Capital Management…

LTCM was an incredibly successful hedge fund, up until 1998, when it failed in a spectacular fashion. Causing the Federal Reserve to step in and organize a bailout, in order to prevent the possibility of a collapse in the global financial system.

Victor took a ten year sabbatical after the dust settled, and in 2010 he founded an active index investing fund, Elm Partners.

For this episode, much of our discussion is in reference to an experiment Victor carried out (with some involvement from Edward Thorp), on the patterns of how 61 participants would bet on a biased coin.

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Sponsored by TradeStation: Very few online brokers offer the services, the tools and the technology (all-in-one!) – for active traders – like TradeStation do. Learn more and get started here.

]]>Victor Haghani began his career at Salomon Brothers in 1984, starting out in a research role before joining their prop trading desk. In 1992, Victor left Salomon to become one of the founding partners of Long Term Capital Management…

LTCM was an incredibly successful hedge fund, up until 1998, when it failed in a spectacular fashion. Causing the Federal Reserve to step in and organize a bailout, in order to prevent the possibility of a collapse in the global financial system.

Victor took a ten year sabbatical after the dust settled, and in 2010 he founded an active index investing fund, Elm Partners.

For this episode, much of our discussion is in reference to an experiment Victor carried out (with some involvement from Edward Thorp), on the patterns of how 61 participants would bet on a biased coin.

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Sponsored by TradeStation: Very few online brokers offer the services, the tools and the technology (all-in-one!) – for active traders – like TradeStation do. Learn more and get started here.

]]>40:19nofull128: Andy Kershner – Risk tolerance, daily habits and trade critiquesWed, 07 Jun 2017 22:35:36 +0000Andy has been an active stock trader since the early 90’s, and in 2001 he founded Kershner Trading Group—a proprietary trading and technology firm in Austin (Texas) and, through a partnership with SMB Capital, Kershner Trading have a second office in Midtown (Manhattan) too.

So, what did we talk about? Andy's ability to take pain on adverse positions, whether or not this has been a key ingredient to his trading success, and do traders with higher risk tolerances make more money. Andy also shares his daily habits and critiques a trade which didn't go so well from the session prior to recording this episode. And naturally, we cover a few other things too...

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Sponsored by TradeStation.com: Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do.

]]>Andy has been an active stock trader since the early 90’s, and in 2001 he founded Kershner Trading Group—a proprietary trading and technology firm in Austin (Texas) and, through a partnership with SMB Capital, Kershner Trading have a second office in Midtown (Manhattan) too.

So, what did we talk about? Andy's ability to take pain on adverse positions, whether or not this has been a key ingredient to his trading success, and do traders with higher risk tolerances make more money. Andy also shares his daily habits and critiques a trade which didn't go so well from the session prior to recording this episode. And naturally, we cover a few other things too...

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Sponsored by TradeStation.com: Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do.

]]>47:18nofull127: Nell Sloane – Becoming a CTA—how to begin managing moneyThu, 01 Jun 2017 23:15:52 +0000Though not a trader herself, Nell Sloane has been in and around markets and exchanges for roughly 30-years, mostly working in roles that assisted commodity traders and brokers in one way or another.

Then since 2006, Nell has been the Principal of Capital Trading Group—a Chicago investment firm, which she co-founded with Patrick Lafferty. And this is the reason why I asked Nell to come on the podcast; because the role of CTG is to support traders who wish to expand their operation by managing money for others as a CTA.

CTG do also offer services to professional and individual investors to help them navigate managed futures. But for this episode, we focus on…

What does it mean to be a CTA, the incentives to become a CTA and where to begin, fee structures, the requirements and regulations, how to attract capital from investors, and other related subjects.

]]>Though not a trader herself, Nell Sloane has been in and around markets and exchanges for roughly 30-years, mostly working in roles that assisted commodity traders and brokers in one way or another.

Then since 2006, Nell has been the Principal of Capital Trading Group—a Chicago investment firm, which she co-founded with Patrick Lafferty. And this is the reason why I asked Nell to come on the podcast; because the role of CTG is to support traders who wish to expand their operation by managing money for others as a CTA.

CTG do also offer services to professional and individual investors to help them navigate managed futures. But for this episode, we focus on…

What does it mean to be a CTA, the incentives to become a CTA and where to begin, fee structures, the requirements and regulations, how to attract capital from investors, and other related subjects.

]]>56:46nofull126: Jonathan (@HF_Trader) – The demeanor of an unstoppable futures traderThu, 25 May 2017 00:29:25 +0000Jonathan (@HF_Trader) got into trading after a sports-related injury changed his life trajectory. He was fortunate enough to meet and be mentored, early on, by one of the first people to be hired at Steve Cohen’s S.A.C. Capital Advisors—where this person ran a multi-billion dollar statistical arbitrage fund.

After getting a dual degree in economics and quantitative finance, Jonathan landed a job within a hedge fund and was promoted to head trader within the space of about 6-months. Over the course of several years, while Jonathan worked at the fund, their assets under management grew by several billion dollars.

In 2014, Jonathan cashed out and began trading for himself. He loaded $260,000 into an account and has since compounded this amount into more than $2,000,000. Using an intraday system he’s developed, Jonathan trades Crude Oil and E-Mini S&P 500…

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Sponsored by TradeStation: Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do.

]]>Jonathan (@HF_Trader) got into trading after a sports-related injury changed his life trajectory. He was fortunate enough to meet and be mentored, early on, by one of the first people to be hired at Steve Cohen’s S.A.C. Capital Advisors—where this person ran a multi-billion dollar statistical arbitrage fund.

After getting a dual degree in economics and quantitative finance, Jonathan landed a job within a hedge fund and was promoted to head trader within the space of about 6-months. Over the course of several years, while Jonathan worked at the fund, their assets under management grew by several billion dollars.

In 2014, Jonathan cashed out and began trading for himself. He loaded $260,000 into an account and has since compounded this amount into more than $2,000,000. Using an intraday system he’s developed, Jonathan trades Crude Oil and E-Mini S&P 500…

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Sponsored by TradeStation: Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do.

]]>01:08:24nofull125: Matthew Hoyle – Getting hired—who trading firms and hedge funds are seeking outWed, 17 May 2017 23:29:03 +0000Matthew Hoyle was once a trader, or more specifically, an options market maker. And he started at a very young age, on the exchange floor in Amsterdam. But since 2003, he’s been in the headhunting (or recruiting) business. His firm, Matthew Hoyle Financial Markets.

Matthew’s deeply knowledgeable on the industry, and he’s won many awards for doing what he does…

During this episode we get talking about; tips for getting hired, the skills which are most in demand, what firms are looking for, also, how firms attempt to attract and retain talent, various compensation structures – and everything in between!

]]>Matthew Hoyle was once a trader, or more specifically, an options market maker. And he started at a very young age, on the exchange floor in Amsterdam. But since 2003, he’s been in the headhunting (or recruiting) business. His firm, Matthew Hoyle Financial Markets.

Matthew’s deeply knowledgeable on the industry, and he’s won many awards for doing what he does…

During this episode we get talking about; tips for getting hired, the skills which are most in demand, what firms are looking for, also, how firms attempt to attract and retain talent, various compensation structures – and everything in between!

]]>57:34nofull124: Max (@Madaznfootballr) – When chasing a quick buck becomes making a quick buckWed, 10 May 2017 22:47:40 +0000Max got into trading about six years ago, after a co-worker pulled up in a brand new Lotus Elise—paid for with gains from trading BP stock. Working as an engineer at the time, with average pay, it wasn’t long before Max opened his first trading account and got to work…

Having now developed a unique style of his own, which he describes as a scalping method—focusing on NASDAQ listed stocks, Max has become very consistent and profitable. (If you’re interested, max regularly posts PnL on his Twitter account.)

To mention a few of the things we discussed; how traders can benefit from being independent thinkers, the nature of scalping strategies, optimizing your workflow, mindset and improving your psychological game, and plenty more.

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Sponsored by TradeStation.com: Very few online brokers offer the services and technology (all-in-one!) – for active traders – like TradeStation do…

]]>Max got into trading about six years ago, after a co-worker pulled up in a brand new Lotus Elise—paid for with gains from trading BP stock. Working as an engineer at the time, with average pay, it wasn’t long before Max opened his first trading account and got to work…

Having now developed a unique style of his own, which he describes as a scalping method—focusing on NASDAQ listed stocks, Max has become very consistent and profitable. (If you’re interested, max regularly posts PnL on his Twitter account.)

To mention a few of the things we discussed; how traders can benefit from being independent thinkers, the nature of scalping strategies, optimizing your workflow, mindset and improving your psychological game, and plenty more.

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Sponsored by TradeStation.com: Very few online brokers offer the services and technology (all-in-one!) – for active traders – like TradeStation do…

]]>01:10:00nofull123: Darren Reed – Grit, hustle, intent—and environmentThu, 04 May 2017 00:15:34 +0000Darren Reed (@LiftTheOffer) has been a stock broker, the head trader at a $300M hedge fund, and an active prop trader at Australian firms, Propex, Aliom and Gensis. At the later two, he also mentored traders as part of his role in trader development.

But this year (2017), Darren has returned to Perth—on the west coast of Australia, to establish a new proprietary trading firm with a few partners; Cygnet Trading.

The main focus of this episode can be summarized with just a few words; grit, hustle and intent. Further, Darren speaks about paying your dues, why environment is everything, and a window into the life of a discretionary prop trader.

]]>Darren Reed (@LiftTheOffer) has been a stock broker, the head trader at a $300M hedge fund, and an active prop trader at Australian firms, Propex, Aliom and Gensis. At the later two, he also mentored traders as part of his role in trader development.

But this year (2017), Darren has returned to Perth—on the west coast of Australia, to establish a new proprietary trading firm with a few partners; Cygnet Trading.

The main focus of this episode can be summarized with just a few words; grit, hustle and intent. Further, Darren speaks about paying your dues, why environment is everything, and a window into the life of a discretionary prop trader.

]]>01:44:44nofull122: Doug Cifu – Virtu. Hitting singles all day long—on a global scaleWed, 26 Apr 2017 20:02:01 +0000Doug Cifu is the co-founder and CEO of Virtu Financial, one of the largest electronic market making firms in the world. Around the clock, Virtu are trading in 12,000 instruments, across 235 markets and 36 countries, with only 140 staff.

Virtu often trade more than 4.5 million times a day, and prior to their IPO in 2015, Virtu reported the firm had made a profit 1,277 out of 1,278 days—losing money just one day between 2009 and 2014.

And in recent news, Virtu made headlines 20th April (2017), after announcing their acquisition of rival, Knight Capital Group for $1.4 billion.

Doug is also the co-owner of NHL team, Florida Panthers—with the second owner, being none other than his Virtu co-founder, Vincent Viola.

]]>Doug Cifu is the co-founder and CEO of Virtu Financial, one of the largest electronic market making firms in the world. Around the clock, Virtu are trading in 12,000 instruments, across 235 markets and 36 countries, with only 140 staff.

Virtu often trade more than 4.5 million times a day, and prior to their IPO in 2015, Virtu reported the firm had made a profit 1,277 out of 1,278 days—losing money just one day between 2009 and 2014.

And in recent news, Virtu made headlines 20th April (2017), after announcing their acquisition of rival, Knight Capital Group for $1.4 billion.

Doug is also the co-owner of NHL team, Florida Panthers—with the second owner, being none other than his Virtu co-founder, Vincent Viola.

]]>37:03nofull121: Michael Mauboussin – Tactics for better decision making, and skill versus luckThu, 20 Apr 2017 00:18:51 +0000Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also a professor of finance at Columbia Business School, and the author of several books, such as; The Success Equation and More Than You Know.

Michael is widely-recognized as a thought leader on the subject of decision making, as well as thinking about things in the way of process over outcome, and skill vs luck.

And it’s these three things which are the over-arching theme of this episode. So hopefully, you’ll pick up a few good tips from Michael, that will help to improve your ability of making better decisions (and creating better processes) as a trader.

]]>Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also a professor of finance at Columbia Business School, and the author of several books, such as; The Success Equation and More Than You Know.

Michael is widely-recognized as a thought leader on the subject of decision making, as well as thinking about things in the way of process over outcome, and skill vs luck.

And it’s these three things which are the over-arching theme of this episode. So hopefully, you’ll pick up a few good tips from Michael, that will help to improve your ability of making better decisions (and creating better processes) as a trader.

The main reason why I asked Meb to join me for this episode, was to share some simple ways that active traders can capitalize on the opportunity and compounding effect that (somewhat passive) longer-term investing has to offer.

So, I ask Meb about; where to start out, how to set expectations, various types of portfolios, when to enter the market, what to do during drawdown, what things new investors struggle with most, so on and so forth…

]]>Mebane Faber is the founder and CIO at Cambria Investment Management, where he manages Cambria’s ETFs, separate accounts and private investment funds. He’s also authored numerous white papers and five books now, on various investing subjects. Meb’s a budding podcaster too, his podcast; The Meb Faber Show.

The main reason why I asked Meb to join me for this episode, was to share some simple ways that active traders can capitalize on the opportunity and compounding effect that (somewhat passive) longer-term investing has to offer.

So, I ask Meb about; where to start out, how to set expectations, various types of portfolios, when to enter the market, what to do during drawdown, what things new investors struggle with most, so on and so forth…

]]>01:11:01nofull119: Alex (@TAGRtrades) – What this day trader learned after four years of abandoning a secure jobThu, 06 Apr 2017 00:35:05 +0000Alex (@TAGRtrades) is a 27-year old day trader, from Texas. He’s been trading full-time for four years, and has really begun to hit his stride. Alex closed Q1 of 2017 with a $49,000 gain, after going into the year with an account balance of $32,000.

He’s a small-cap momentum trader, but unlike most guests who I’ve had on previously that play in this space, Alex takes the majority of his trades on the long side. So naturally, we chat about his reasons for this…

We also chat about; the leap into full-time trading, key lessons Alex learned in the early stages of his development, how he manages trades, and why journaling has been immensely helpful.

]]>Alex (@TAGRtrades) is a 27-year old day trader, from Texas. He’s been trading full-time for four years, and has really begun to hit his stride. Alex closed Q1 of 2017 with a $49,000 gain, after going into the year with an account balance of $32,000.

He’s a small-cap momentum trader, but unlike most guests who I’ve had on previously that play in this space, Alex takes the majority of his trades on the long side. So naturally, we chat about his reasons for this…

We also chat about; the leap into full-time trading, key lessons Alex learned in the early stages of his development, how he manages trades, and why journaling has been immensely helpful.

]]>59:41nofull118: Manoj Narang – Trading technology, alternative data, and originalityWed, 29 Mar 2017 23:11:07 +0000High-speed trading veteran, Manoj Narang, originally worked on Wall St for the likes of Credit Suisse and Goldman Sachs prior to founding Tradeworx, which became one of the larger trading firms in the U.S. (in terms of volume).

He’s since parted ways with Tradeworx to start MANA Partners—an innovative quant fund which raised almost one billion dollars for it’s launch in January this year (2017).

As a brief summary for some of the things we got to chat about; the value of technology which drives some trading operations, capitalizing on the explosion of data, plus why aspiring traders should be willing to buck the trend and think freely.

]]>High-speed trading veteran, Manoj Narang, originally worked on Wall St for the likes of Credit Suisse and Goldman Sachs prior to founding Tradeworx, which became one of the larger trading firms in the U.S. (in terms of volume).

He’s since parted ways with Tradeworx to start MANA Partners—an innovative quant fund which raised almost one billion dollars for it’s launch in January this year (2017).

As a brief summary for some of the things we got to chat about; the value of technology which drives some trading operations, capitalizing on the explosion of data, plus why aspiring traders should be willing to buck the trend and think freely.

]]>56:15nofull117: Larry Alintoff – Traders' opportunity—when things that "should" happen, don't happenWed, 22 Mar 2017 23:39:22 +0000Larry Alintoff was a prop trader for Paul Tudor Jones, before running the largest group of traders on the AMEX (at the time). When he later went over to the NYBOT, Larry became the largest trader in the Frozen Concentrated Orange Juice pit, and now days, he’s CIO of The Toro Fund.

During this episode, we cover; the thing which helped Larry to become consistent, why there’s great opportunity in knowing when things that “should” happen, don’t happen, and how he’s been able to successfully apply a similar trading style from the floor to the screens. Plus, how a market obsession has carried him this far…

]]>Larry Alintoff was a prop trader for Paul Tudor Jones, before running the largest group of traders on the AMEX (at the time). When he later went over to the NYBOT, Larry became the largest trader in the Frozen Concentrated Orange Juice pit, and now days, he’s CIO of The Toro Fund.

During this episode, we cover; the thing which helped Larry to become consistent, why there’s great opportunity in knowing when things that “should” happen, don’t happen, and how he’s been able to successfully apply a similar trading style from the floor to the screens. Plus, how a market obsession has carried him this far…

T3 is one of the larger proprietary trading firms in the U.S. And incase you’re curious, the three T’s of T3 stand for; trading, training and technology.

A few of the things Sean and I spoke about, include; how he got his start, how he lost all his money twice—and why it was a worthwhile experience (in hindsight), and some of the great lessons he’s learned from the business of trading.

Even as CEO today, Sean is still very hands on with T3’s automated trading, so we also had an interesting conversation around this—some of his comments and views may actually surprise you. And hand traders, need not feel neglected, because there’s something in this for you to!

]]>Sean Hendelman is the co-founder and CEO of T3 Companies.

T3 is one of the larger proprietary trading firms in the U.S. And incase you’re curious, the three T’s of T3 stand for; trading, training and technology.

A few of the things Sean and I spoke about, include; how he got his start, how he lost all his money twice—and why it was a worthwhile experience (in hindsight), and some of the great lessons he’s learned from the business of trading.

Even as CEO today, Sean is still very hands on with T3’s automated trading, so we also had an interesting conversation around this—some of his comments and views may actually surprise you. And hand traders, need not feel neglected, because there’s something in this for you to!

]]>01:03:42nofull115: Adam Grimes – What hand traders can learn from system traders, and vice versaThu, 09 Mar 2017 00:53:05 +0000Adam Grimes has been a trader for more than 20-years, he’s traded all major asset classes, across various timeframes. He’s traded independently, with a prop firm, and he’s run other trading businesses also.

The main focus of this episode is to explore some of the things which discretionary traders can adapt from quantitative traders, and vice versa—meaning, what things can quants take from those who rely on discretion.

Then in the later part of this episode, Adam lays out a solid framework which can help struggling traders to move forward. As well as, the types of questions you should ask when you don’t know what you don’t know.

]]>Adam Grimes has been a trader for more than 20-years, he’s traded all major asset classes, across various timeframes. He’s traded independently, with a prop firm, and he’s run other trading businesses also.

The main focus of this episode is to explore some of the things which discretionary traders can adapt from quantitative traders, and vice versa—meaning, what things can quants take from those who rely on discretion.

Then in the later part of this episode, Adam lays out a solid framework which can help struggling traders to move forward. As well as, the types of questions you should ask when you don’t know what you don’t know.

]]>01:44:40nofull114: Brannigan Barrett – The process of becoming a bigger (and better) traderWed, 01 Mar 2017 23:20:20 +0000Brannigan Barrett is a futures day trader—who trades a total of eight markets, across; bonds, equity indices, currencies and commodities. He was previously a trader at prop firm, Futex, but is now part of Axia Futures.

The subjects we cover during this conversation, include; how to progressively become a bigger (and better) trader, how a “dogfight” attitude has helped Brannigan’s trading career, how he prepares going into major news announcements, his daily process for journaling and being ready for “one good trade.” Plus, how to think about and achieve your trading goals.

]]>Brannigan Barrett is a futures day trader—who trades a total of eight markets, across; bonds, equity indices, currencies and commodities. He was previously a trader at prop firm, Futex, but is now part of Axia Futures.

The subjects we cover during this conversation, include; how to progressively become a bigger (and better) trader, how a “dogfight” attitude has helped Brannigan’s trading career, how he prepares going into major news announcements, his daily process for journaling and being ready for “one good trade.” Plus, how to think about and achieve your trading goals.

]]>01:07:42nofull113: Benjamin Small – Normalizing Bitcoin, and exploring the cryptocurrency ecosystemWed, 22 Feb 2017 23:07:51 +0000Benjamin Small is an electrical engineering PhD. He’s worked in quantitative research roles since 2006, at UBS, Citadel, Credit Suisse and the stock exchange, IEX.

Today though, Ben is head of market structure at Gemini—the world’s first fully licensed and fully regulated Bitcoin exchange, which is based in New York.

During this chat, we get into; payment for order flow and high frequency trading, why there’s an incentive to normalize Bitcoin, the cryptocurrency ecosystem, potential outcomes for the future of Bitcoin, and becoming a cashless society.

]]>Benjamin Small is an electrical engineering PhD. He’s worked in quantitative research roles since 2006, at UBS, Citadel, Credit Suisse and the stock exchange, IEX.

Today though, Ben is head of market structure at Gemini—the world’s first fully licensed and fully regulated Bitcoin exchange, which is based in New York.

During this chat, we get into; payment for order flow and high frequency trading, why there’s an incentive to normalize Bitcoin, the cryptocurrency ecosystem, potential outcomes for the future of Bitcoin, and becoming a cashless society.

]]>57:50nofull112: Jorge Soltero – Reminiscences of a trader at Hull Trading Co.—and a sell-side careerWed, 15 Feb 2017 23:00:55 +0000Jorge Soltero began as a floor trader in Chicago, where he was an options market maker. A few years into his career, he landed a position at Hull Trading Company (the renowned firm of legendary trader, Blair Hull).

After Hull Trading was bought by Goldman Sachs in 1999, Jorge became more of an institutional trader—not only working at Goldman, but later, UBS and Merrill Lynch too, where he specialized in options and ETFs.

Listening to this episode you’re going to hear about; the culture of trading pits, exactly what it was like to be a trader at Hull Trading Co., the transition to electronic trading, what makes ETFs an attractive product, and more…

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Sponsored by Gemini.com: The first fully regulated Bitcoin exchange, for traders and investors. Register for one-month of FREE trading.

]]>Jorge Soltero began as a floor trader in Chicago, where he was an options market maker. A few years into his career, he landed a position at Hull Trading Company (the renowned firm of legendary trader, Blair Hull).

After Hull Trading was bought by Goldman Sachs in 1999, Jorge became more of an institutional trader—not only working at Goldman, but later, UBS and Merrill Lynch too, where he specialized in options and ETFs.

Listening to this episode you’re going to hear about; the culture of trading pits, exactly what it was like to be a trader at Hull Trading Co., the transition to electronic trading, what makes ETFs an attractive product, and more…

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Sponsored by Gemini.com: The first fully regulated Bitcoin exchange, for traders and investors. Register for one-month of FREE trading.

]]>01:10:09nofull111: David Bush – Strategy objectives, statistical significance, and market behaviorWed, 08 Feb 2017 22:13:46 +0000Returning to Chat With Traders for a second time is David Bush—first on episode 23.

David began as a discretionary trader, more than 20-years ago, but over time he’s developed into a quant trader. And he’s exceptionally good at what he does; David’s been the first place winner of two (real money) trading competitions in recent years.

Last time David was on we spoke fairly extensively about his path as a trader and a high-level overview of his process. This time around we covered plenty of new ground—exploring David’s process in greater depth. Also, I particularly liked David’s comments towards the end about, “Intensity, not time.”

]]>Returning to Chat With Traders for a second time is David Bush—first on episode 23.

David began as a discretionary trader, more than 20-years ago, but over time he’s developed into a quant trader. And he’s exceptionally good at what he does; David’s been the first place winner of two (real money) trading competitions in recent years.

Last time David was on we spoke fairly extensively about his path as a trader and a high-level overview of his process. This time around we covered plenty of new ground—exploring David’s process in greater depth. Also, I particularly liked David’s comments towards the end about, “Intensity, not time.”

]]>01:17:18nofull110: George (@RollyTrader) – Learning to trade, momentum setups, and becoming a venture capitalistWed, 01 Feb 2017 22:36:32 +0000On this episode, I’m joined by George—who goes by @RollyTrader on Twitter.

George is an Australian equities trader, with a momentum/swing trading type of approach. In the past, George has held a few finance-related positions, but since late-2009 he’s mostly traded independently.

During the interview, George and I got speaking about; lessons he learned early on, the effect that coaching and mentoring has had on his trading, specifics about the setups George trades, and also, his involvement with venture capital.

]]>On this episode, I’m joined by George—who goes by @RollyTrader on Twitter.

George is an Australian equities trader, with a momentum/swing trading type of approach. In the past, George has held a few finance-related positions, but since late-2009 he’s mostly traded independently.

During the interview, George and I got speaking about; lessons he learned early on, the effect that coaching and mentoring has had on his trading, specifics about the setups George trades, and also, his involvement with venture capital.

]]>01:06:42nofull109: Edward Thorp – The man who beat the dealer, and later, beat the marketWed, 25 Jan 2017 19:50:19 +0000I’m not sure how to best say this, but Edward Thorp, is kind of a big deal…

Not only in the world of financial markets, but he’s also a household name amongst the gambling scene. He’s the man who beat the dealer, and later, beat the market.

It was during the late-50’s and early-60’s, when Ed, a math genius and professor at MIT, took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and baccarat. Long story short; Ed won—and he’s now considered the father of card counting.

From there, the next obvious move for Ed was to take on financial markets—which he also did with a great degree of success. His first hedge fund, Princeton Newport Partners, achieved an annualized return of 19.1% (before fees) over a 19-year period, with 227 of 230 months being profitable—the worst monthly loss being less than 1%.

Sponsored by TradeStation.com – The online broker for professional market monitoring tools, an award-winning platform and low trading costs.

]]>I’m not sure how to best say this, but Edward Thorp, is kind of a big deal…

Not only in the world of financial markets, but he’s also a household name amongst the gambling scene. He’s the man who beat the dealer, and later, beat the market.

It was during the late-50’s and early-60’s, when Ed, a math genius and professor at MIT, took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and baccarat. Long story short; Ed won—and he’s now considered the father of card counting.

From there, the next obvious move for Ed was to take on financial markets—which he also did with a great degree of success. His first hedge fund, Princeton Newport Partners, achieved an annualized return of 19.1% (before fees) over a 19-year period, with 227 of 230 months being profitable—the worst monthly loss being less than 1%.

Sponsored by TradeStation.com – The online broker for professional market monitoring tools, an award-winning platform and low trading costs.

]]>01:02:28nofullQ6: Delaney Mackenzie – Your Quantitative Trading Questions AnsweredMon, 23 Jan 2017 23:05:58 +0000Throughout this series, which has been a window into the workflow of professional quant trading firms, we’ve encouraged you to submit questions and requests for further clarification. So, in this episode, being the final installment, Delaney answers as many of these questions as possible (within 80-mins).

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Sponsored by DataCamp.com – Once you commit to learning how to program—specifically for data science and quant research, your next best step: Visit DataCamp to start any course, free!

]]>Throughout this series, which has been a window into the workflow of professional quant trading firms, we’ve encouraged you to submit questions and requests for further clarification. So, in this episode, being the final installment, Delaney answers as many of these questions as possible (within 80-mins).

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Sponsored by DataCamp.com – Once you commit to learning how to program—specifically for data science and quant research, your next best step: Visit DataCamp to start any course, free!

]]>01:15:46no108: John Netto – Being a versatile and adaptable trader, while testing your comfort zoneWed, 18 Jan 2017 23:11:02 +0000John Netto, a former U.S. marine, describes himself as a high velocity, cross-asset class trader. He connects the ability to be versatile, adaptable, and interpret large amounts of information to be his greatest edge—for making lucrative returns.

These are all things we cover during the interview, which includes discussion about; process, research, strategy, macro, and market regimes. We also talk about the benefits of stepping outside of your comfort zone, why there’s a need to embrace growing pains, and when emotion can be an ally.

]]>John Netto, a former U.S. marine, describes himself as a high velocity, cross-asset class trader. He connects the ability to be versatile, adaptable, and interpret large amounts of information to be his greatest edge—for making lucrative returns.

These are all things we cover during the interview, which includes discussion about; process, research, strategy, macro, and market regimes. We also talk about the benefits of stepping outside of your comfort zone, why there’s a need to embrace growing pains, and when emotion can be an ally.

]]>52:17nofull107: Anthony Saliba – A 40-year trading career fueled by necessity—the mother of inventionWed, 11 Jan 2017 22:44:58 +0000For the great, Anthony Saliba, his initial 13-years in the field were spent as a market maker on the CBOE floor, where he made approximately $9,000,000 before 30 years old (and that was during the 80’s). At which point, he was one of the traders featured in Jack Schwager’s first Market Wizards’ book.

Since then, Anthony’s continued to scale up—making major moves, both, through trading and through various business ventures.

We spoke for close to two hours; about his experience on the floor, a trader education company which he founded, some of the non-cliché traits of great traders, longevity, and how he’s grown wealth as a parallel entrepreneur, amongst other topics.

]]>For the great, Anthony Saliba, his initial 13-years in the field were spent as a market maker on the CBOE floor, where he made approximately $9,000,000 before 30 years old (and that was during the 80’s). At which point, he was one of the traders featured in Jack Schwager’s first Market Wizards’ book.

Since then, Anthony’s continued to scale up—making major moves, both, through trading and through various business ventures.

We spoke for close to two hours; about his experience on the floor, a trader education company which he founded, some of the non-cliché traits of great traders, longevity, and how he’s grown wealth as a parallel entrepreneur, amongst other topics.

]]>01:47:23nofull106: Turney Duff – A Wall Street trader’s tale of spectacular excessWed, 04 Jan 2017 22:12:48 +0000Turney Duff was a hedge fund trader on Wall Street who lead a truly excessive lifestyle. In 2013 he released a book about his experiences—titled, The Buy Side. And currently, Turney is a consultant on the Showtime TV series, Billions.

On this episode we cover everything, from what it was like to trade more than one billion dollars at Galleon Group—which was the hedge fund run by Raj Rajaratnam, currently serving an 11-year prison sentence for partaking in one of the largest insider trading rings in U.S. history.

Following on from this, we discuss Turney’s relationships with the sell-side and the extreme measures they’d take to win his business. Which leads into the shenanigans which took place after-hours—the cocktail of drugs, alcohol, sex, money and power.

We finish up with Turney’s fall from the top, some of the greatest realizations he’s come to, and the life he leads today… Enjoy!

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Sponsored by TradeStation.com – TradeStation connect traders with all the bell’s n whistles to better monitor and participate in markets.

]]>Turney Duff was a hedge fund trader on Wall Street who lead a truly excessive lifestyle. In 2013 he released a book about his experiences—titled, The Buy Side. And currently, Turney is a consultant on the Showtime TV series, Billions.

On this episode we cover everything, from what it was like to trade more than one billion dollars at Galleon Group—which was the hedge fund run by Raj Rajaratnam, currently serving an 11-year prison sentence for partaking in one of the largest insider trading rings in U.S. history.

Following on from this, we discuss Turney’s relationships with the sell-side and the extreme measures they’d take to win his business. Which leads into the shenanigans which took place after-hours—the cocktail of drugs, alcohol, sex, money and power.

We finish up with Turney’s fall from the top, some of the greatest realizations he’s come to, and the life he leads today… Enjoy!

--

Sponsored by TradeStation.com – TradeStation connect traders with all the bell’s n whistles to better monitor and participate in markets.

Priomha setup shop in Melbourne (Australia) in 2010, and more recently, have expanded with a second location in Gibraltar (Europe). From inception up to the release of this episode, Priomha’s Cloney fund has returned a little over 220%.

From listening to our discussion, you’ll gain great insight to how Brendan runs his operation—from getting investors to buy in, to controlling risk and minimizing the volatility of returns, and how the fund makes money trading sports games.

]]>Brendan Poots is the founder of sports betting hedge fund, The Priomha Group, who mainly bet on football, cricket, golf and also horse racing and tennis.

Priomha setup shop in Melbourne (Australia) in 2010, and more recently, have expanded with a second location in Gibraltar (Europe). From inception up to the release of this episode, Priomha’s Cloney fund has returned a little over 220%.

From listening to our discussion, you’ll gain great insight to how Brendan runs his operation—from getting investors to buy in, to controlling risk and minimizing the volatility of returns, and how the fund makes money trading sports games.

]]>58:09nofull104: Alex (@AT09_Trader) – An appetite for risk, and hitting hard when opportunity arisesWed, 21 Dec 2016 20:25:32 +0000Alex (@AT09_Trader) is a 22-year old, discretionary day trader, who’s seen great results in the few years he’s been grinding away at this. He trades small caps, and he trades aggressively—as you’ll soon hear, Alex is far from conservative.

This conversation was recorded on the 16th of November (2016), right around the time when the madness in the shipping sector was unfolding. So we got talking about the ticker DRYS and how Alex racked up a $40k loss a day or two before our interview (although, he had his first +$100k day shortly after too).

Also we spoke about how Alex got started, the types of trade scenarios that he looks for, areas that he’s working on to improve, and also his venture into real estate—where he flipped a foreclosure property for a tidy profit, plus much more.

Note: Nothing you hear on this podcast is financial advice. You’re entirely responsible for your own trading decisions.

]]>Alex (@AT09_Trader) is a 22-year old, discretionary day trader, who’s seen great results in the few years he’s been grinding away at this. He trades small caps, and he trades aggressively—as you’ll soon hear, Alex is far from conservative.

This conversation was recorded on the 16th of November (2016), right around the time when the madness in the shipping sector was unfolding. So we got talking about the ticker DRYS and how Alex racked up a $40k loss a day or two before our interview (although, he had his first +$100k day shortly after too).

Also we spoke about how Alex got started, the types of trade scenarios that he looks for, areas that he’s working on to improve, and also his venture into real estate—where he flipped a foreclosure property for a tidy profit, plus much more.

Note: Nothing you hear on this podcast is financial advice. You’re entirely responsible for your own trading decisions.

]]>57:13yesfullQ5: Max Margenot – Good (and Not So Good) Uses of Machine Learning in FinanceTue, 20 Dec 2016 00:58:28 +0000Machine learning is a hot topic right now, with a lot of people wondering how it could be used in finance and trading. Used naively, machine learning poses a great deal of risk. We’ll discuss why that’s the case and also some good ways to use it carefully.

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Sponsored by DataCamp.com – Learning to code can be challenging, but with A-grade courses at your fingertips, things are a whole lot easier. Visit DataCamp start today—sign up for free!

]]>Machine learning is a hot topic right now, with a lot of people wondering how it could be used in finance and trading. Used naively, machine learning poses a great deal of risk. We’ll discuss why that’s the case and also some good ways to use it carefully.

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Sponsored by DataCamp.com – Learning to code can be challenging, but with A-grade courses at your fingertips, things are a whole lot easier. Visit DataCamp start today—sign up for free!

]]>56:43no103: Dave Bergstrom – Escaping randomness, and turning to data for an edgeWed, 14 Dec 2016 21:50:33 +0000On this episode, I’m joined by a quant trader who works at a high frequency trading firm—though you might be surprised to hear, he started out on the same path that many retail traders do—his name is; Dave Bergstrom.

The thing that makes Dave unique from most traders who’ve been on this podcast previously, is how he uses data-mining techniques to develop trading strategies. Though data-mining, in trading, often has a negative connotation attached to it, Dave believes this stems from bad practices and poor evaluation of methods.

In addition to the above and ways to reduce curve-fitting, we talk about escaping randomness, learning to write code, Dave’s three laws for strategy development, setting expectations and plenty more.

]]>On this episode, I’m joined by a quant trader who works at a high frequency trading firm—though you might be surprised to hear, he started out on the same path that many retail traders do—his name is; Dave Bergstrom.

The thing that makes Dave unique from most traders who’ve been on this podcast previously, is how he uses data-mining techniques to develop trading strategies. Though data-mining, in trading, often has a negative connotation attached to it, Dave believes this stems from bad practices and poor evaluation of methods.

In addition to the above and ways to reduce curve-fitting, we talk about escaping randomness, learning to write code, Dave’s three laws for strategy development, setting expectations and plenty more.

]]>55:42nofullQ4: Scott Sanderson – Portfolio Optimization: Risk Preferences In, Trades OutMon, 12 Dec 2016 22:41:15 +0000When one has a price model that they think will work well for forecasting returns, the next step is to actually trade it. This isn’t that simple for a variety of reasons. For one thing, you need to define how much risk you’re okay with taking on in a portfolio, and then try to maximize your returns while staying within those boundaries. This is the foundation of modern portfolio theory—we’ll discuss some real life issues with this.

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Sponsored by DataCamp.com – Wanna learn how to code? Then you best visit DataCamp. They’ve got a full suite of data science courses that’ll give you the skill-sets necessary of a quant.

]]>When one has a price model that they think will work well for forecasting returns, the next step is to actually trade it. This isn’t that simple for a variety of reasons. For one thing, you need to define how much risk you’re okay with taking on in a portfolio, and then try to maximize your returns while staying within those boundaries. This is the foundation of modern portfolio theory—we’ll discuss some real life issues with this.

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Sponsored by DataCamp.com – Wanna learn how to code? Then you best visit DataCamp. They’ve got a full suite of data science courses that’ll give you the skill-sets necessary of a quant.

Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading.

What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal.

Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.

]]>Eugene Soltes is an author and finance professor at Harvard Business School.

Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading.

What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal.

Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.

]]>01:26:48nofullQ3: Jonathan Larkin – Seeking Alpha? Try MORE Alpha FactorsMon, 05 Dec 2016 22:01:05 +0000In practice, no one trading model will ever be that good on its own. Luckily statistics has come up with a lot of theory about how you can combine weaker models to create better overall predictions. We’ll discuss how to combine many different trading signals into overall models and some of the practical considerations in doing so.

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Sponsored by DataCamp.com – For new and intermediate programmers, DataCamp have an evergrowing library of interactive courses that’ll help you to become a data science wizard.

]]>In practice, no one trading model will ever be that good on its own. Luckily statistics has come up with a lot of theory about how you can combine weaker models to create better overall predictions. We’ll discuss how to combine many different trading signals into overall models and some of the practical considerations in doing so.

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Sponsored by DataCamp.com – For new and intermediate programmers, DataCamp have an evergrowing library of interactive courses that’ll help you to become a data science wizard.

We got to chat about his shaky beginnings as a trader, his rock bottom moment, and how he trades currency pairs—using a technical-driven approach, with the goal of catching major trends when they happen.

During the later half, I ask Siam about why he got into business, how he’s found the ability to “think big” and how he’s gotten to a point where he now owns fifteen businesses. Then we also talk about flaws in the schooling system, Siam’s grand scheme, and what the future has in store for us.

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Please spare two-minutes to take the anonymous Chat With Traders survey: click here

]]>My guest for episode 1-0-1 is Siam Kidd, from Norwich in the UK. He’s a former-air force pilot, turned retail trader. He’s also a serial entrepreneur, and on a quest to dramatically improve the schooling system.

We got to chat about his shaky beginnings as a trader, his rock bottom moment, and how he trades currency pairs—using a technical-driven approach, with the goal of catching major trends when they happen.

During the later half, I ask Siam about why he got into business, how he’s found the ability to “think big” and how he’s gotten to a point where he now owns fifteen businesses. Then we also talk about flaws in the schooling system, Siam’s grand scheme, and what the future has in store for us.

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Please spare two-minutes to take the anonymous Chat With Traders survey: click here

]]>01:53:30nofullQ2: Jessica Stauth – Seeking Alpha? Try Alpha FactorsMon, 28 Nov 2016 22:27:57 +0000Factors are at the core of a modern quant equity workflow. This episode introduces the notion of alpha and risk factors at a high level, and delves into some of the use cases which include: understanding how the market is moving, understanding how a portfolio is exposed to sources of risk, and turning ideas for price forecasting into encapsulated alpha factors.

]]>Factors are at the core of a modern quant equity workflow. This episode introduces the notion of alpha and risk factors at a high level, and delves into some of the use cases which include: understanding how the market is moving, understanding how a portfolio is exposed to sources of risk, and turning ideas for price forecasting into encapsulated alpha factors.

]]>01:07:45no100: Bao (@Modern_Rock) – Overcome adversity, dominate a niche, become ‘the house’Wed, 23 Nov 2016 23:55:26 +0000My guest for this special milestone (being episode 100!) is someone who I’ve been attempting to bring on since before episode one was even released…

Folks, I’d like to introduce you to Bao—or better known as @Modern_Rock on Twitter.

Bao is an independent day trader, and a former-Silicon Valley software engineer, who made the large majority of his fortune trading stocks on the OTC bulletin board market. His story emphasizes; anyone with the will to succeed, even amongst adversity, can become unstoppable.

During the interview we speak about avoiding complacency, the greatest trade of Bao’s career, discovering a niche, managing confidence, consistency tips, how to progress as a developing trader, and much more.

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Sponsored by TradeStation.com – Trade with TradeStation. Enjoy access to many markets and products, cost-saving commission rates, and more.

]]>My guest for this special milestone (being episode 100!) is someone who I’ve been attempting to bring on since before episode one was even released…

Folks, I’d like to introduce you to Bao—or better known as @Modern_Rock on Twitter.

Bao is an independent day trader, and a former-Silicon Valley software engineer, who made the large majority of his fortune trading stocks on the OTC bulletin board market. His story emphasizes; anyone with the will to succeed, even amongst adversity, can become unstoppable.

During the interview we speak about avoiding complacency, the greatest trade of Bao’s career, discovering a niche, managing confidence, consistency tips, how to progress as a developing trader, and much more.

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Sponsored by TradeStation.com – Trade with TradeStation. Enjoy access to many markets and products, cost-saving commission rates, and more.

]]>01:17:55yesfullQ1: Delaney Mackenzie – You Don’t Know How Wrong You AreMon, 21 Nov 2016 20:40:35 +0000The worst case in finance is when you think you’re right, but you’re actually wrong. This can be especially dangerous when you’ve used some methodology or statistics to justify a decision, but are unaware of all the subtle biases that can cause false results. In this episode we’ll cover many of the ways that you can be wrong without knowing it in trading and finance.

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Sponsored by DataCamp.com – For learning how to program, DataCamp is easily one of the top resources available—their online courses focus specifically on data science, stats & finance.

]]>The worst case in finance is when you think you’re right, but you’re actually wrong. This can be especially dangerous when you’ve used some methodology or statistics to justify a decision, but are unaware of all the subtle biases that can cause false results. In this episode we’ll cover many of the ways that you can be wrong without knowing it in trading and finance.

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Sponsored by DataCamp.com – For learning how to program, DataCamp is easily one of the top resources available—their online courses focus specifically on data science, stats & finance.

]]>01:21:15no099: Brynne Kelly – What happens on a merchant trading desk—with an energy veteranWed, 16 Nov 2016 21:44:38 +0000My guest for this episode is Brynne Kelly; an electricity, natural gas, and crude oil trader who’s spent the majority of her career on merchant trading desks, for the likes of BP amongst others. She has also been a prop trader and has experience as a hedge fund portfolio manager.

A few of the key topics we hit on include: Brynne’s responsibilities as head of trading desks, how she taught, trained and managed newer traders, and an overview for how Brynne trades relationships using fundamentals and macro trends. And plenty more.

For many listening, much of this may not necessarily be directly applicable to your own trading, but you’ll get great insight to how things work from the merchant side.

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Sponsored by TradeStation.com – A well-established online broker, who’ve been serving retail and professional traders since 1982.

]]>My guest for this episode is Brynne Kelly; an electricity, natural gas, and crude oil trader who’s spent the majority of her career on merchant trading desks, for the likes of BP amongst others. She has also been a prop trader and has experience as a hedge fund portfolio manager.

A few of the key topics we hit on include: Brynne’s responsibilities as head of trading desks, how she taught, trained and managed newer traders, and an overview for how Brynne trades relationships using fundamentals and macro trends. And plenty more.

For many listening, much of this may not necessarily be directly applicable to your own trading, but you’ll get great insight to how things work from the merchant side.

--

Sponsored by TradeStation.com – A well-established online broker, who’ve been serving retail and professional traders since 1982.

]]>01:14:17nofull098: Peter To – How successful day trading can fly in the face of conventional wisdom—with a former poker player and ex-prop traderWed, 09 Nov 2016 21:21:06 +0000Before day trading equities, Peter To played a lot of online poker and did fairly well for himself. He then dabbled in markets as an investor, but was soon attracted to OTC stocks after discovering a strange inefficiency…

In this episode we spend quite a bit of time talking about Peter’s prop trading experience, both the good and the bad. Trading nihilism and doing everything you supposedly shouldn’t do, why Peter accepts he’s not a “cold blooded assassin” and does trade with the influence of emotion. Plus, we briefly touch on Bitcoin and exchange hacks towards the end too.

Peter also writes about many of these subjects on his blog, which you can read here.

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Sponsored by TradeStation.com – A fully-licensed online broker and trading technology provider (who have won a ridiculous amount of awards!)

]]>Before day trading equities, Peter To played a lot of online poker and did fairly well for himself. He then dabbled in markets as an investor, but was soon attracted to OTC stocks after discovering a strange inefficiency…

In this episode we spend quite a bit of time talking about Peter’s prop trading experience, both the good and the bad. Trading nihilism and doing everything you supposedly shouldn’t do, why Peter accepts he’s not a “cold blooded assassin” and does trade with the influence of emotion. Plus, we briefly touch on Bitcoin and exchange hacks towards the end too.

Peter also writes about many of these subjects on his blog, which you can read here.

--

Sponsored by TradeStation.com – A fully-licensed online broker and trading technology provider (who have won a ridiculous amount of awards!)

]]>01:17:09yesfull097: Derek Wong – How to think about strategies like a quant and diversify like a bossWed, 02 Nov 2016 20:09:58 +0000On this episode, I have our very first guest from China; Derek Wong—he is the Director of Systematic Trading and Options at a private fund in Shanghai.

Initially though, Derek got his start in the agricultural pits at the CBOT, then following on from this, he’s worked at various quant shops in Chicago, South Korea, and now days, mainland China.

After discussing Derek’s backstory, we talk; emerging markets, cultural differences of Chinese investors, convergent and divergent strategies, diversification, and some slightly unconventional ways of thinking about how you trade.

Additionally, Derek also has some awesome insight for traders who are discretionary and what traders should focus once reaching profitability.

Derek has agreed to answer any trading questions you may have. So if you’ve got a question go to chatwithtraders.com/97, scroll to the bottom of the page and write in the comments area…

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Sponsored by TradeStation.com: TradeStation clients have it pretty good; an amazing platform, great commissions and all the rest!

]]>On this episode, I have our very first guest from China; Derek Wong—he is the Director of Systematic Trading and Options at a private fund in Shanghai.

Initially though, Derek got his start in the agricultural pits at the CBOT, then following on from this, he’s worked at various quant shops in Chicago, South Korea, and now days, mainland China.

After discussing Derek’s backstory, we talk; emerging markets, cultural differences of Chinese investors, convergent and divergent strategies, diversification, and some slightly unconventional ways of thinking about how you trade.

Additionally, Derek also has some awesome insight for traders who are discretionary and what traders should focus once reaching profitability.

Derek has agreed to answer any trading questions you may have. So if you’ve got a question go to chatwithtraders.com/97, scroll to the bottom of the page and write in the comments area…

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Sponsored by TradeStation.com: TradeStation clients have it pretty good; an amazing platform, great commissions and all the rest!

]]>01:08:26nofull096: Nico (@InefficientMrkt) – An eight year overnight success story, and a thirst for momentumWed, 26 Oct 2016 21:23:16 +0000Nico (@InefficientMrkt on Twitter) is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far—and roughly 90% of his positions are on the short side.

But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another…

The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bleed his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making.

This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream.

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Sponsored by Darwinex.com: Each month, Darwinex invest €1,500,000 with their top performing traders! Learn more about Darwinex here.

]]>Nico (@InefficientMrkt on Twitter) is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far—and roughly 90% of his positions are on the short side.

But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another…

The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bleed his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making.

This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream.

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Sponsored by Darwinex.com: Each month, Darwinex invest €1,500,000 with their top performing traders! Learn more about Darwinex here.

]]>01:07:01nofull095: Adrian (@AdeyF69) – Why it pays to be relentlessly process driven, and when stats countWed, 19 Oct 2016 23:06:08 +0000For this episode, the trader who I had the opportunity to speak with, and who you’re about to hear from, is Adrian—or @AdeyF69 on Twitter.

Adrian was a pro sailor for almost two decades, but for the past six years, he’s been on dry land, taking an income from financial markets as an independent day trader.

Adrian primarily trades the Bund and the DAX, though he initially started out in foreign exchange. His trading strategy is influenced by support and resistance areas, volume profiling, order flow, and stats.

After talking about how Adrian’s survived storms at sea, torturous sleeping patterns, and run-ins with pirates, we spend a fair amount of time discussing; how Adrian uses stats and some things to watch out for, and why it pays to be process driven.

]]>For this episode, the trader who I had the opportunity to speak with, and who you’re about to hear from, is Adrian—or @AdeyF69 on Twitter.

Adrian was a pro sailor for almost two decades, but for the past six years, he’s been on dry land, taking an income from financial markets as an independent day trader.

Adrian primarily trades the Bund and the DAX, though he initially started out in foreign exchange. His trading strategy is influenced by support and resistance areas, volume profiling, order flow, and stats.

After talking about how Adrian’s survived storms at sea, torturous sleeping patterns, and run-ins with pirates, we spend a fair amount of time discussing; how Adrian uses stats and some things to watch out for, and why it pays to be process driven.

During the 90’s, Kenny went from the stages of comedy clubs into a hyper-aggressive brokerage firm, which he describes as being identical to scenes from the movie, Boiler Room—and he has some wild stories to share, which you’ll hear very soon.

Once Kenny realized his morals were getting in the way of his ability peddle junk stocks, he went on to pursue a career in trading stocks and options. And that’s, also, what we go into detail about during this episode.

Additionally, you’ll pick up some simple chunks of wisdom which you can apply to your own way of trading—if you choose to.

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Sponsored by Darwinex: An online platform that allows traders to trade the market and investors to back them. Learn more at Darwinex.com/traders.

]]>My guest on this episode is a former-stand up comedian, turned questionable stockbroker, turned day trader—folks, I’d like you to meet, Kenny Glick.

During the 90’s, Kenny went from the stages of comedy clubs into a hyper-aggressive brokerage firm, which he describes as being identical to scenes from the movie, Boiler Room—and he has some wild stories to share, which you’ll hear very soon.

Once Kenny realized his morals were getting in the way of his ability peddle junk stocks, he went on to pursue a career in trading stocks and options. And that’s, also, what we go into detail about during this episode.

Additionally, you’ll pick up some simple chunks of wisdom which you can apply to your own way of trading—if you choose to.

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Sponsored by Darwinex: An online platform that allows traders to trade the market and investors to back them. Learn more at Darwinex.com/traders.

]]>01:17:46yesfull093: Ben (@BLB_Capital) – What an order flow fanatic adapted from one of the “big boys”Wed, 05 Oct 2016 23:07:30 +0000What you’re about to hear is a conversation I had with a short-term futures trader, Ben—whose last name we won’t mention only for privacy reasons, but he goes by @BLB_Capital on Twitter.

Before entering the market, Ben previously ran a construction company until an injury put him out of action for a period of time, which is when a friend got him interested in trading. Developing his craft over recent years, the bulk of Ben’s trading now revolves around order flow and he’s most active in Oil, Gold and ES.

Over the next 50-mins or so we discuss; what Ben learned and emulated from a large bond trader he was trained by, insight to his core trading strategies, how he utilizes automation, why traders should be aware of “right-to-left syndrome” and more.

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Sponsored by Darwinex.com: Darwinex back independent traders with talent who lack sufficient capital—scale your trading career from a side-hustle to a professional business.

]]>What you’re about to hear is a conversation I had with a short-term futures trader, Ben—whose last name we won’t mention only for privacy reasons, but he goes by @BLB_Capital on Twitter.

Before entering the market, Ben previously ran a construction company until an injury put him out of action for a period of time, which is when a friend got him interested in trading. Developing his craft over recent years, the bulk of Ben’s trading now revolves around order flow and he’s most active in Oil, Gold and ES.

Over the next 50-mins or so we discuss; what Ben learned and emulated from a large bond trader he was trained by, insight to his core trading strategies, how he utilizes automation, why traders should be aware of “right-to-left syndrome” and more.

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Sponsored by Darwinex.com: Darwinex back independent traders with talent who lack sufficient capital—scale your trading career from a side-hustle to a professional business.

Dario went from a finance degree, straight into a market analyst and then trader position at a private global macro hedge fund, during the early 90’s. He then went into investment banking for 13 years, working with mergers and acquisitions from various locations around the globe. And since 2008, Dario has been trading independently, but has recently begun trading external funds also.

Some of the key points we chat about during this episode include; seeing the whole board as a global macro trader, how to build a body of evidence, why Dario went from short-term trading to higher timeframes, plus trade management and checklists too.

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Sponsored by Tradovate.com – Tradovate; a commission-free futures broker—trade as much as you like, and as many contracts as you like, for one flat monthly rate. Start a FREE 2-week demo.

]]>For this episode I spoke with fund manager, Dario Mofardin.

Dario went from a finance degree, straight into a market analyst and then trader position at a private global macro hedge fund, during the early 90’s. He then went into investment banking for 13 years, working with mergers and acquisitions from various locations around the globe. And since 2008, Dario has been trading independently, but has recently begun trading external funds also.

Some of the key points we chat about during this episode include; seeing the whole board as a global macro trader, how to build a body of evidence, why Dario went from short-term trading to higher timeframes, plus trade management and checklists too.

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Sponsored by Tradovate.com – Tradovate; a commission-free futures broker—trade as much as you like, and as many contracts as you like, for one flat monthly rate. Start a FREE 2-week demo.

]]>01:00:37nofull091: Craig Scott – Trading fundamentals, sentiment and events, and why conviction mattersWed, 21 Sep 2016 22:32:34 +0000Craig Scott is someone who has been trading and investing for most of his life, first starting in school when he participated in a year long stock picking competition.

Once completing a double major in finance and accounting, Craig spent many years as an auditor and an accountant, and later on, the entrepreneur within had him start and grow several businesses (doing similar things) along the way.

As Craig describes his style of trading and investing; it’s a hybrid of fundamentals, momentum, sentiment and instinct. He uses options for short-term positions and for mid/longer-term positions he uses stocks. And worth mentioning; Craig’s very adamant about the fact that he does not use charts!

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Sponsored by Tradovate.com: Tradovate is a commission-free futures brokerage. For a flat-rate monthly subscription you can now trade unlimited contracts—get a FREE 2-week demo!

]]>Craig Scott is someone who has been trading and investing for most of his life, first starting in school when he participated in a year long stock picking competition.

Once completing a double major in finance and accounting, Craig spent many years as an auditor and an accountant, and later on, the entrepreneur within had him start and grow several businesses (doing similar things) along the way.

As Craig describes his style of trading and investing; it’s a hybrid of fundamentals, momentum, sentiment and instinct. He uses options for short-term positions and for mid/longer-term positions he uses stocks. And worth mentioning; Craig’s very adamant about the fact that he does not use charts!

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Sponsored by Tradovate.com: Tradovate is a commission-free futures brokerage. For a flat-rate monthly subscription you can now trade unlimited contracts—get a FREE 2-week demo!

Prior to trading, Michael studied computational fluid dynamics and was the co-founder of a tech startup, before getting involved a small equity fund as a quant developer—where his key role was cleansing data.

Now, independently, Michael trades his own short-term algorithmic strategies, consults to hedge funds on machine learning and quant infrastructure, and also has a keen interest in space exploration.

We discussed a whole range of topics, including; the need for quality data, thinking about risk from a portfolio level, trading multiple automated strategies, the role of common sense in parameter optimization, learning to program, and more.

]]>For this episode I’m joined by Michael Halls-Moore, who runs QuantStart.com—a site well-known by many algorithmic traders.

Prior to trading, Michael studied computational fluid dynamics and was the co-founder of a tech startup, before getting involved a small equity fund as a quant developer—where his key role was cleansing data.

Now, independently, Michael trades his own short-term algorithmic strategies, consults to hedge funds on machine learning and quant infrastructure, and also has a keen interest in space exploration.

We discussed a whole range of topics, including; the need for quality data, thinking about risk from a portfolio level, trading multiple automated strategies, the role of common sense in parameter optimization, learning to program, and more.

]]>01:15:21nofull089: Blake Morrow – From ramen noodles to a lucrative career trading Forex marketsWed, 07 Sep 2016 23:26:55 +0000Blake Morrow (otherwise known as @PipCzar on Twitter) started out as a stock broker in 1995, but this only lasted for a short period of time, before becoming a trader…

A wealthy friend put up $50,000 in starting capital, which Blake lost about $30,000 of it within the first six months. Though, before wiping out, Blake was able to turn that remaining $20,000 into roughly $1.5M in the next few years that followed.

He’s since been involved in various trading and technology firms, but today, Blake is the Chief Currency Strategist for WizeTrade, co-founder of Forex Analytix, and an independent forex trader.

Over the course of this episode you’ll hear about Blake’s story in greater detail, how he navigates forex markets—using charts and technical analysis as well as economic drivers, some tips for beginning traders using leverage, and plenty more.

]]>Blake Morrow (otherwise known as @PipCzar on Twitter) started out as a stock broker in 1995, but this only lasted for a short period of time, before becoming a trader…

A wealthy friend put up $50,000 in starting capital, which Blake lost about $30,000 of it within the first six months. Though, before wiping out, Blake was able to turn that remaining $20,000 into roughly $1.5M in the next few years that followed.

He’s since been involved in various trading and technology firms, but today, Blake is the Chief Currency Strategist for WizeTrade, co-founder of Forex Analytix, and an independent forex trader.

Over the course of this episode you’ll hear about Blake’s story in greater detail, how he navigates forex markets—using charts and technical analysis as well as economic drivers, some tips for beginning traders using leverage, and plenty more.

]]>01:17:54nofull088: Dave Lauer – A former-high frequency trader talks speed, market structure, and dark poolsWed, 31 Aug 2016 22:16:26 +0000Dave Lauer is a former-high frequency trader for firms such as Citadel and Allston Trading. He’s worked specifically in various areas of the HFT pipeline, including; research and modelling, building hardware, and programming and operating strategies—which are measured in millionths of a second (or microseconds).

Following the Flash Crash, Dave left his role as a trader (for various reasons we discuss during this episode) and now, as a partner of KOR Group, consults to institutional managers on market structure and best execution.

Dave was also featured in the VPRO documentary, The Wall Street Code, along with other Chat With Traders guests; Haim Bodek, Eric Hunsader, and Blair Hull.

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]]>Dave Lauer is a former-high frequency trader for firms such as Citadel and Allston Trading. He’s worked specifically in various areas of the HFT pipeline, including; research and modelling, building hardware, and programming and operating strategies—which are measured in millionths of a second (or microseconds).

Following the Flash Crash, Dave left his role as a trader (for various reasons we discuss during this episode) and now, as a partner of KOR Group, consults to institutional managers on market structure and best execution.

Dave was also featured in the VPRO documentary, The Wall Street Code, along with other Chat With Traders guests; Haim Bodek, Eric Hunsader, and Blair Hull.

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Sponsored by TechnicianApp.com: Chart, analyze, and trade from anywhere with Technician’s award-winning app—for mobile, tablet, and desktop. Learn more and sign up for free!

]]>01:01:00nofull087: Tom Sosnoff – Speaks on life experiences, trading options, and reaching your potentialWed, 24 Aug 2016 22:22:24 +0000This week on the podcast, I spoke with Tom Sosnoff, who many of you will already know—he’s pretty close to a household name name in this industry. But if you don’t…

Tom was a floor trader at the CBOE for 20 years, later going on to co-found thinkorswim—a widely popular online brokerage. In 2009, thinkorswim was sold to TD Ameritrade for approximately $606M, and Tom left the company shortly after to start financial news show, tastytrade.

In this episode we hit on; the issue with being too risk adverse in markets and in life, Tom’s extensive trading career, plenty of talk about options, the value of intellectually challenging ourselves (with respect to finance), and more.

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Sponsored by TechnicianApp.com – Technician is a free-to-use charting and analysis platform, built for mobile, web and desktop. Visit TechnicianApp.com to sign up and try it out!

]]>This week on the podcast, I spoke with Tom Sosnoff, who many of you will already know—he’s pretty close to a household name name in this industry. But if you don’t…

Tom was a floor trader at the CBOE for 20 years, later going on to co-found thinkorswim—a widely popular online brokerage. In 2009, thinkorswim was sold to TD Ameritrade for approximately $606M, and Tom left the company shortly after to start financial news show, tastytrade.

In this episode we hit on; the issue with being too risk adverse in markets and in life, Tom’s extensive trading career, plenty of talk about options, the value of intellectually challenging ourselves (with respect to finance), and more.

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Sponsored by TechnicianApp.com – Technician is a free-to-use charting and analysis platform, built for mobile, web and desktop. Visit TechnicianApp.com to sign up and try it out!

]]>58:51yesfull086: Jared Tendler – What traders can learn about mental game, from a world champion poker coachWed, 17 Aug 2016 22:41:39 +0000Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.

If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.

So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”

]]>Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.

If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.

So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”

]]>01:25:33nofull085: Blair Hull – Know your edge, exploit your edge—survive the gameWed, 10 Aug 2016 22:40:08 +0000Blair Hull has been labeled by Forbes as, “One of the most successful traders of the last 40 years,” and he was also profiled in Jack Schwager’s, The New Market Wizards.

Prior to trading, Blair was a serious Blackjack player for 5-years during the 70’s. From there he took his winnings to the the Pacific Exchange to trade mispriced options, and in 1985, he founded one of the world’s premier market-making firms, Hull Trading.

At its peak, Hull Trading was active on 28 exchanges in nine countries. Then in 1999, the firm was acquired by Goldman Sachs for $531 million dollars.

Listening to this interview, you’re going to hear more about Blair’s career and his observations as a trader, why he believes great things happen in teams, and why everything revolves around having an edge.

]]>Blair Hull has been labeled by Forbes as, “One of the most successful traders of the last 40 years,” and he was also profiled in Jack Schwager’s, The New Market Wizards.

Prior to trading, Blair was a serious Blackjack player for 5-years during the 70’s. From there he took his winnings to the the Pacific Exchange to trade mispriced options, and in 1985, he founded one of the world’s premier market-making firms, Hull Trading.

At its peak, Hull Trading was active on 28 exchanges in nine countries. Then in 1999, the firm was acquired by Goldman Sachs for $531 million dollars.

Listening to this interview, you’re going to hear more about Blair’s career and his observations as a trader, why he believes great things happen in teams, and why everything revolves around having an edge.

TPQ do a lot of good for those involved in quantitative finance, they; frequently host meet-ups and workshops, have developed platforms and analytics libraries, and often contract to exchanges, banks and hedge funds for custom Python development.

Yves is also a three-time published author, with his most notable title probably being “Python for Finance” which was released through O’Reilly. He regularly gives presentations and speaks at events on the subject of quant finance, and lectures at Universities too.

Over the next sixty minutes, you’ll hear us unpack many subjects related to being a quant and why programming in Python can be a useful skill to have in your toolbox.

Note, some of the discussion in the later part may be a little heavy for non-programmers. So if there is something that doesn’t make sense or you’d like more context around, please just write in the comments at the bottom of this page and I’ll do my best to point you in the right direction.

TPQ do a lot of good for those involved in quantitative finance, they; frequently host meet-ups and workshops, have developed platforms and analytics libraries, and often contract to exchanges, banks and hedge funds for custom Python development.

Yves is also a three-time published author, with his most notable title probably being “Python for Finance” which was released through O’Reilly. He regularly gives presentations and speaks at events on the subject of quant finance, and lectures at Universities too.

Over the next sixty minutes, you’ll hear us unpack many subjects related to being a quant and why programming in Python can be a useful skill to have in your toolbox.

Note, some of the discussion in the later part may be a little heavy for non-programmers. So if there is something that doesn’t make sense or you’d like more context around, please just write in the comments at the bottom of this page and I’ll do my best to point you in the right direction.

Having been involved with markets for about 12 years now, Ryan has experience in trading, strategy design, portfolio construction and even alternative investments—all, while working for several firms (one of which, managed upwards of $2B).

More recently though, Ryan’s ventured out to start a fund of his own, where he wears the badge of Lead Investment Manager.

Some of the subjects we check off during this episode, include; the snapping point that lead Ryan to pursue trading and cold-call 50 fund managers for guidance. How he was able to form various mentoring relationships, the first steps of starting a fund and the unseen challenges.

Plus we discuss options, strategies and research, but the highlight for myself was hearing Ryan’s insight on deliberate practice and mental discomfort.

]]>The trader I interviewed for this episode is; Ryan Moffett from Blackpier Capital.

Having been involved with markets for about 12 years now, Ryan has experience in trading, strategy design, portfolio construction and even alternative investments—all, while working for several firms (one of which, managed upwards of $2B).

More recently though, Ryan’s ventured out to start a fund of his own, where he wears the badge of Lead Investment Manager.

Some of the subjects we check off during this episode, include; the snapping point that lead Ryan to pursue trading and cold-call 50 fund managers for guidance. How he was able to form various mentoring relationships, the first steps of starting a fund and the unseen challenges.

Plus we discuss options, strategies and research, but the highlight for myself was hearing Ryan’s insight on deliberate practice and mental discomfort.

]]>01:03:48nofull082: Futures Trader 71 – How to become the trader you wish you wereWed, 20 Jul 2016 22:44:40 +0000This week, for the second time on Chat With Traders, my guest is Morad or better known as; Futures Trader 71.

As you could imagine, FT is a futures trader, he’s also very short-term and has been trading for about 16 years now. During this time, he was the founder of a successful prop firm and more recently, has started a brokerage; Stage 5 Trading.

First time around (on episode 37) we spoke extensively about FT’s path of becoming a trader, market profile and volume profile, and creating a legacy. This time we spoke about all new topics…

For example; how to learn a new skill, how to measure your progress besides PnL, how to remove attachment to the outcome, how FT uses a regressive risk management strategy, and plenty more too.

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Sponsored by RealVisionTV.com: Watch the smartest minds in finance share all, and put an end to “there’s nothing to watch.” Get a FREE 7-day trial of Real Vision TV, to start streaming now.

]]>This week, for the second time on Chat With Traders, my guest is Morad or better known as; Futures Trader 71.

As you could imagine, FT is a futures trader, he’s also very short-term and has been trading for about 16 years now. During this time, he was the founder of a successful prop firm and more recently, has started a brokerage; Stage 5 Trading.

First time around (on episode 37) we spoke extensively about FT’s path of becoming a trader, market profile and volume profile, and creating a legacy. This time we spoke about all new topics…

For example; how to learn a new skill, how to measure your progress besides PnL, how to remove attachment to the outcome, how FT uses a regressive risk management strategy, and plenty more too.

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Sponsored by RealVisionTV.com: Watch the smartest minds in finance share all, and put an end to “there’s nothing to watch.” Get a FREE 7-day trial of Real Vision TV, to start streaming now.

]]>01:27:25nofull081: Alan Farley – Breaking down breakouts and dynamics of price movement, with The Master Swing TraderWed, 13 Jul 2016 23:39:07 +0000Our guest this week is Alan Farley, who took his first trades in the late-80’s.

Alan is an active swing trader, and most of his positions take place in the US equity market—although he occasionally trades index futures and currencies too.

In 2001, Alan released his first book, The Master Swing Trader, which may be the best-selling book on the subject). He’s also a regular contributor to The Street and Investopedia, having written hundreds of articles over the years.

Subjects you’ll hear about include; the unusual way in which Alan got a well-rounded education of financial markets. Some of the big lessons that shaped him into the trader he is now, in particular, the concept of convergence and divergence. Plus, we talk about the dynamics that generate price movement, and much more too.

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Sponsored by RealVisionTV.com, which is best described as the Netflix of finance. So quit watching lame TV—start watching the smartest minds in finance. Get a FREE 7-day trial here.

]]>Our guest this week is Alan Farley, who took his first trades in the late-80’s.

Alan is an active swing trader, and most of his positions take place in the US equity market—although he occasionally trades index futures and currencies too.

In 2001, Alan released his first book, The Master Swing Trader, which may be the best-selling book on the subject). He’s also a regular contributor to The Street and Investopedia, having written hundreds of articles over the years.

Subjects you’ll hear about include; the unusual way in which Alan got a well-rounded education of financial markets. Some of the big lessons that shaped him into the trader he is now, in particular, the concept of convergence and divergence. Plus, we talk about the dynamics that generate price movement, and much more too.

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Sponsored by RealVisionTV.com, which is best described as the Netflix of finance. So quit watching lame TV—start watching the smartest minds in finance. Get a FREE 7-day trial here.

]]>01:07:46nofull080: Anthony Crudele – One traders volatile path from (below) zero to hero, and beyondWed, 06 Jul 2016 22:14:51 +0000Anthony Crudele started at a very young age on the CME floor, and he has one really interesting story about coming up as a trader…

It does involve some pretty drastic failures, burning through significant amounts of cash, and a whole lot of perseverance. But, he eventually broke through and went on to have years of making six and seven-figures, while heavily trading the E-Mini S&P 500 from it’s inception.

In our chat, you’ll hear about Anthony’s multiple blowouts and comebacks, his turning point as a trader, his approach to trading futures today, and a healthy reminder to protect your downside.

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Sponsored by RealVisionTV.com – Real Vision TV is pretty much like Netflix, but purely for finance and investing—it’s a real treat! Get yourself a free 7-day trial to start streaming now.

]]>Anthony Crudele started at a very young age on the CME floor, and he has one really interesting story about coming up as a trader…

It does involve some pretty drastic failures, burning through significant amounts of cash, and a whole lot of perseverance. But, he eventually broke through and went on to have years of making six and seven-figures, while heavily trading the E-Mini S&P 500 from it’s inception.

In our chat, you’ll hear about Anthony’s multiple blowouts and comebacks, his turning point as a trader, his approach to trading futures today, and a healthy reminder to protect your downside.

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Sponsored by RealVisionTV.com – Real Vision TV is pretty much like Netflix, but purely for finance and investing—it’s a real treat! Get yourself a free 7-day trial to start streaming now.

]]>01:04:13nofull079: Raoul Pal – The biggest financial experiment the world has ever seen, explained by a global macro investorWed, 29 Jun 2016 22:39:21 +0000Raoul Pal has a history rooted in the hedge fund industry, and with him, he carries more than 25+ years of experience in financial markets.

For a number of years he worked at Goldman Sachs where he co-managed the hedge fund sales business in equities and equity derivatives. He later moved on to GLG, one of the largest hedge fund groups in the world, where he launched their global macro fund in London.

Today, Raoul no longer manages client money but continues to invest his own. He also writes a premium research newsletter, The Global Macro Investor, and is the co-founder of Real Vision TV.

In this episode we navigate through some uncharted waters which have not been explored previously on this podcast. So in addition to macro investing, technical analysis and hedge funds, we discuss theoretical economic models, business cycles, negative interest rates, and why the world is economically in a frightening position.

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Sponsored by TradeStation.com – With TradeStation, you’ll have access to a wide-range of markets and products, an award-winning platform, favorable commissions, and a sharp support team.

]]>Raoul Pal has a history rooted in the hedge fund industry, and with him, he carries more than 25+ years of experience in financial markets.

For a number of years he worked at Goldman Sachs where he co-managed the hedge fund sales business in equities and equity derivatives. He later moved on to GLG, one of the largest hedge fund groups in the world, where he launched their global macro fund in London.

Today, Raoul no longer manages client money but continues to invest his own. He also writes a premium research newsletter, The Global Macro Investor, and is the co-founder of Real Vision TV.

In this episode we navigate through some uncharted waters which have not been explored previously on this podcast. So in addition to macro investing, technical analysis and hedge funds, we discuss theoretical economic models, business cycles, negative interest rates, and why the world is economically in a frightening position.

---

Sponsored by TradeStation.com – With TradeStation, you’ll have access to a wide-range of markets and products, an award-winning platform, favorable commissions, and a sharp support team.

As I’m sure you already well aware, Jack Schwager has been involved with financial markets for many years, he’s the author of the acclaimed Market Wizards series and others, and he’s also the co-founder of FundSeeder.

During our talk, we go behind the scenes of the Market Wizards and Jack shares his experiences from conducting interviews with trading royalty and some of his most memorable moments.

Of course, I ask Jack to flesh out some of the great knowledge he’s learned from this—discussing; self-confidence, sacrifices, what separates a profitable trader from a super trader, and the issue with seeking comfort.

You’ll also hear an update on FundSeeder, as well as something you might be very interested to know, what trading books does Jack recommend to others?

The New Market Wizards is now available as an audiobook on Amazon. Get a free copy

]]>As I’m sure you already well aware, Jack Schwager has been involved with financial markets for many years, he’s the author of the acclaimed Market Wizards series and others, and he’s also the co-founder of FundSeeder.

During our talk, we go behind the scenes of the Market Wizards and Jack shares his experiences from conducting interviews with trading royalty and some of his most memorable moments.

Of course, I ask Jack to flesh out some of the great knowledge he’s learned from this—discussing; self-confidence, sacrifices, what separates a profitable trader from a super trader, and the issue with seeking comfort.

You’ll also hear an update on FundSeeder, as well as something you might be very interested to know, what trading books does Jack recommend to others?

The New Market Wizards is now available as an audiobook on Amazon. Get a free copy

]]>01:31:54nofull077: Dennis Dick – How to be a profitable short-term trader in a high frequency worldWed, 15 Jun 2016 22:09:54 +0000You’re about to hear a really interesting conversation I had with Dennis Dick.

Dennis first started out meddling with penny stocks, before soon joining a well-established prop firm known as; Bright Trading—this was in the late 90’s. To this day Dennis remains with the same firm, still as an active short-term equities trader, but also as their Market Structure Analyst.

If his voice sounds familiar, that’s probably because he’s the co-host of Benzinga’s PreMarket Prep live morning show too.

Some of the key talking points that come up over the next 60 minutes, include; scalping, surviving as a short-term trader in a high frequency world, various order types, and the opportunities that can be found trading the open (this is actually where Dennis makes 50% of his money each day—within the first five minutes).

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Sponsored by TradeStation.com – TradeStation, an award-winning broker, equip clients with remarkable technology for an advantage in competitive markets and so much more.

]]>You’re about to hear a really interesting conversation I had with Dennis Dick.

Dennis first started out meddling with penny stocks, before soon joining a well-established prop firm known as; Bright Trading—this was in the late 90’s. To this day Dennis remains with the same firm, still as an active short-term equities trader, but also as their Market Structure Analyst.

If his voice sounds familiar, that’s probably because he’s the co-host of Benzinga’s PreMarket Prep live morning show too.

Some of the key talking points that come up over the next 60 minutes, include; scalping, surviving as a short-term trader in a high frequency world, various order types, and the opportunities that can be found trading the open (this is actually where Dennis makes 50% of his money each day—within the first five minutes).

---

Sponsored by TradeStation.com – TradeStation, an award-winning broker, equip clients with remarkable technology for an advantage in competitive markets and so much more.

Saul originally started out as a runner on the floor of the LIFFE exchange (in London), when he was just 16 years old. Later moving on from there, he’s had various roles as a risk manager for proprietary trading firms, at times, monitoring positions for as many as 120+ traders. Today, Saul lives in Spain where he runs a small prop firm of his own.

In regard to how he trades, Saul is a spread trader who’s most active in the energy markets. So, spread trading is something we cover during our conversation, as well as his observations from being a risk manager and helping other traders improve.

If you have any questions, or if there’s anything which you’d like further explanation on, just write in the comments below to get a response from Saul.

Saul originally started out as a runner on the floor of the LIFFE exchange (in London), when he was just 16 years old. Later moving on from there, he’s had various roles as a risk manager for proprietary trading firms, at times, monitoring positions for as many as 120+ traders. Today, Saul lives in Spain where he runs a small prop firm of his own.

In regard to how he trades, Saul is a spread trader who’s most active in the energy markets. So, spread trading is something we cover during our conversation, as well as his observations from being a risk manager and helping other traders improve.

If you have any questions, or if there’s anything which you’d like further explanation on, just write in the comments below to get a response from Saul.

]]>42:58nofull075: Dan Aisen – The mechanics of a dark pool, and a quest to make markets “fair” (with the co-founder of IEX)Wed, 01 Jun 2016 21:02:59 +0000

For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015).

Dan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama—one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys.

As many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they’re currently in the midst of filing for exchange status.

During our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an operating trading venue, and why they’re on a quest to make markets “fair”.

We also discuss the “speed bumps” which have been implemented at IEX, the mechanics of dark pools, and general chat about the broader market structure.

[FREE: An unreleased interview with trader, Peter Brandt]

Peter’s been a market speculator for 45+ years, and is undeniably one of the greats. Listen to his wisdom in our second interview—available here only.

]]>For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015).

Dan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama—one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys.

As many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they’re currently in the midst of filing for exchange status.

During our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an operating trading venue, and why they’re on a quest to make markets “fair”.

We also discuss the “speed bumps” which have been implemented at IEX, the mechanics of dark pools, and general chat about the broader market structure.

[FREE: An unreleased interview with trader, Peter Brandt]

Peter’s been a market speculator for 45+ years, and is undeniably one of the greats. Listen to his wisdom in our second interview—available here only.

]]>01:03:45nofull074: John Walsh – Pocketing $100k from a trading comp, and making simplicity a priority w/ the Black Cabbie TraderWed, 25 May 2016 22:43:28 +0000My guest this week is John Walsh, aka The Black Cabbie Trader.

The backstory of John; in 2012 he entered a competition—the City Index Trading Academy. The idea was to take a group of people with very little market experience to see how well they would perform as active traders, over the span of 5 weeks. John came out on top and won the £100,000 prize money which was up for grabs.

He’s of course continued trading ever since, and has developed into quite the trend/position trader—focused on US equities, making simplicity an absolute top priority. He’s also a black cab driver in London, which you’ll hear more about shortly.

In this episode we chat about; the competition, John’s trading methodology, why you must ‘stay out of your own way’ (as John puts it), and plenty more.

The backstory of John; in 2012 he entered a competition—the City Index Trading Academy. The idea was to take a group of people with very little market experience to see how well they would perform as active traders, over the span of 5 weeks. John came out on top and won the £100,000 prize money which was up for grabs.

He’s of course continued trading ever since, and has developed into quite the trend/position trader—focused on US equities, making simplicity an absolute top priority. He’s also a black cab driver in London, which you’ll hear more about shortly.

In this episode we chat about; the competition, John’s trading methodology, why you must ‘stay out of your own way’ (as John puts it), and plenty more.

]]>44:23nofull073: Charlie Bathgate – What to emulate from pro traders, humility, psychology and biohackingWed, 18 May 2016 22:25:17 +0000For Charlie Bathgate, trading has been a part of his life since as far back as he can remember—his father was an options market maker, and not to mention his brothers and sister work major-roles in the industry too.

Today, Charlie is a partner and the CEO of two operations; Sang Lucci and Flammarion. Sang Lucci being a provider of trader education, and Flammarion being a hedge fund (which mostly consists of automated traders).

We had an awesome chat, speaking about; his observations from working with and evaluating traders, why humility is key, and what it means to “own your strategy”. Also Charlie shares big insight from his obsession with psychology and biohacking, and how innovative technology being used by the NBA can benefit traders.

Join the free Facebook group for Chat With Traders listeners and traders.

]]>For Charlie Bathgate, trading has been a part of his life since as far back as he can remember—his father was an options market maker, and not to mention his brothers and sister work major-roles in the industry too.

Today, Charlie is a partner and the CEO of two operations; Sang Lucci and Flammarion. Sang Lucci being a provider of trader education, and Flammarion being a hedge fund (which mostly consists of automated traders).

We had an awesome chat, speaking about; his observations from working with and evaluating traders, why humility is key, and what it means to “own your strategy”. Also Charlie shares big insight from his obsession with psychology and biohacking, and how innovative technology being used by the NBA can benefit traders.

Join the free Facebook group for Chat With Traders listeners and traders.

]]>01:03:55yesfull072: Rob (@DiscoveryTrader) – Why risk management is king, and why gambling isn't such a dirty wordWed, 11 May 2016 23:36:00 +0000This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group.

Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets.

Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis.

Join the free Facebook group for Chat With Traders listeners and traders.

]]>This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group.

Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets.

Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis.

Join the free Facebook group for Chat With Traders listeners and traders.

]]>01:11:50nofull071: Eric Hunsader – Rigged markets, stealing, and corrupt regulators (with the founder of Nanex)Wed, 04 May 2016 23:20:18 +0000A big guest on the podcast this week—a man who for many won’t need any introduction, he is; Eric Scott Hunsader.

Eric started out as an algorithmic trader in the early 80’s, soon after became a self-taught programmer, and since then he’s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day.

Well-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals.

Additionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC.

]]>A big guest on the podcast this week—a man who for many won’t need any introduction, he is; Eric Scott Hunsader.

Eric started out as an algorithmic trader in the early 80’s, soon after became a self-taught programmer, and since then he’s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day.

Well-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals.

Additionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC.

]]>01:00:02nofull070: Jeff Davis – Specializing, automating, and using stats for high probability trade setupsWed, 27 Apr 2016 22:46:45 +0000Jeff is a day trader who specializes in the S&P futures, and predominately trades a mean-reversion strategy which is built upon data and statistical probabilities.

Across his 20+ year trading career, Jeff has also been heavily involved in the process of developing and deploying algorithmic strategies—but slightly less these days.

In this interview we talk about Jeff’s prop days, risks of being a one-man-business, automated trading, specializing, statistics, and more.

From this conversation, I think you’ll pick up on the underlying theme, which is all about building confidence in your strategy and then being able to size up when you have an edge.

Also, Jeff is answering your questions…

So if you have a trading question or would like more depth on any topic discussed, leave your question in the comments area at chatwithtraders.com/70 and Jeff will respond to you.

]]>Jeff is a day trader who specializes in the S&P futures, and predominately trades a mean-reversion strategy which is built upon data and statistical probabilities.

Across his 20+ year trading career, Jeff has also been heavily involved in the process of developing and deploying algorithmic strategies—but slightly less these days.

In this interview we talk about Jeff’s prop days, risks of being a one-man-business, automated trading, specializing, statistics, and more.

From this conversation, I think you’ll pick up on the underlying theme, which is all about building confidence in your strategy and then being able to size up when you have an edge.

Also, Jeff is answering your questions…

So if you have a trading question or would like more depth on any topic discussed, leave your question in the comments area at chatwithtraders.com/70 and Jeff will respond to you.

]]>01:14:20nofull069: John Carter – How an aggressive trader thinks, uses options, and made $1.4M on a single Tesla tradeWed, 20 Apr 2016 22:39:34 +0000Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas.

In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly.

In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader?

Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade.

So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading.

]]>Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas.

In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly.

In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader?

Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade.

So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading.

]]>01:04:26nofull068: Mikael Syding – From “schoolyard hippie” to European Hedge Fund Manager of the Decade (to AI enthusiast)Wed, 13 Apr 2016 23:20:05 +0000For this episode, we have our very first guest from Sweden—big shout out to Sweden!

I spoke with Mikael Syding; a value investor who spent 15 years in the hedge fund business, and in 2009, he was awarded European Hedge Fund Manger of the Decade before retiring shortly after.

During the interview, I ask Mikael to share his three greatest lessons for traders and investors, how he spotted growth opportunities, and I also ask him how his views on money have changed over the span of his career, plus a whole lot more…

All of this was great, but I have to say, my favorite part of this conversation was the last 10-15 minutes, where Mikael talks about artificial intelligence and technology becoming one with humans. It’s full on—prepare to have your mind blown!

]]>For this episode, we have our very first guest from Sweden—big shout out to Sweden!

I spoke with Mikael Syding; a value investor who spent 15 years in the hedge fund business, and in 2009, he was awarded European Hedge Fund Manger of the Decade before retiring shortly after.

During the interview, I ask Mikael to share his three greatest lessons for traders and investors, how he spotted growth opportunities, and I also ask him how his views on money have changed over the span of his career, plus a whole lot more…

All of this was great, but I have to say, my favorite part of this conversation was the last 10-15 minutes, where Mikael talks about artificial intelligence and technology becoming one with humans. It’s full on—prepare to have your mind blown!

]]>01:03:56nofull067: Jerry Parker – The Turtle Traders story, following major trends, and managing investors moneyWed, 06 Apr 2016 22:15:23 +0000We have a very special guest on the podcast right now; Jerry Parker.

For those who don’t know, Jerry is one of the original widely-recognized, Turtle Traders. The Turtles were a small (somewhat secretive) group of traders who were mentored and trained by Richard Dennis, a big time commodities trader, in the 80’s.

It’s an interesting story and you’ll hear more about this in just a moment.

Today, Jerry remains the founder of Chesapeake Capital, which is a commodity trading advisor, and he has well ‘n truly stuck to his roots as a die-hard trend follower.

We discuss all the above at length, plus I also had a few questions for Jerry around the subject of trading other people’s money–which is something you may not have considered before. And on the other side, some of the questions you should ask a CTA (or money manager) before investing.

It was a huge honor to speak with Jerry Parker, and I hope you enjoy the interview.

--

Sponsored by BrokerNotes. Save yourself the hassle of manually comparing brokers, BrokerNotes free online tool will find you a best match in 2 steps and less than 30secs.

]]>We have a very special guest on the podcast right now; Jerry Parker.

For those who don’t know, Jerry is one of the original widely-recognized, Turtle Traders. The Turtles were a small (somewhat secretive) group of traders who were mentored and trained by Richard Dennis, a big time commodities trader, in the 80’s.

It’s an interesting story and you’ll hear more about this in just a moment.

Today, Jerry remains the founder of Chesapeake Capital, which is a commodity trading advisor, and he has well ‘n truly stuck to his roots as a die-hard trend follower.

We discuss all the above at length, plus I also had a few questions for Jerry around the subject of trading other people’s money–which is something you may not have considered before. And on the other side, some of the questions you should ask a CTA (or money manager) before investing.

It was a huge honor to speak with Jerry Parker, and I hope you enjoy the interview.

--

Sponsored by BrokerNotes. Save yourself the hassle of manually comparing brokers, BrokerNotes free online tool will find you a best match in 2 steps and less than 30secs.

]]>58:59nofull066: Dan Shapiro – Blocking excess noise, establishing your process and getting screen timeWed, 30 Mar 2016 21:37:03 +0000This week we have returning guest, Dan Shapiro, who was first on episode 32. And after receiving a lot of really great feedback from that interview, I knew I would have to have him back on, so here we are…

Dan works on an intraday timeframe and predominately trades high beta stocks. He’s been trading for 16 years, and during this time has experienced the extreme highs and lows that this business can throw at you. For a good part of his career, Dan was heavily involved in the prop world, but now trades independently from New York.

Over the next 60 minutes you’ll gain some insight to Dan’s methodology, thoughts on managing risk, an outsiders view on the current state of prop trading, and more…

This interview will leave you with plenty to think about, and may even help you to adjust your mindset – if that’s something which is holding you back.

]]>This week we have returning guest, Dan Shapiro, who was first on episode 32. And after receiving a lot of really great feedback from that interview, I knew I would have to have him back on, so here we are…

Dan works on an intraday timeframe and predominately trades high beta stocks. He’s been trading for 16 years, and during this time has experienced the extreme highs and lows that this business can throw at you. For a good part of his career, Dan was heavily involved in the prop world, but now trades independently from New York.

Over the next 60 minutes you’ll gain some insight to Dan’s methodology, thoughts on managing risk, an outsiders view on the current state of prop trading, and more…

This interview will leave you with plenty to think about, and may even help you to adjust your mindset – if that’s something which is holding you back.

]]>01:04:26nofull065: Brett Steenbarger – How to master trading psychology, and introduce new best practisesWed, 23 Mar 2016 22:50:14 +0000For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners).

Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast.

During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader.

If you do enjoy the interview, please leave an iTunes review! Click here

]]>For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners).

Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast.

During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader.

If you do enjoy the interview, please leave an iTunes review! Click here

]]>59:18nofull064: Nick Radge – The casino edge, mean reversion strategies, and how to develop robust trading systemsWed, 16 Mar 2016 22:52:30 +0000For this episode I spoke with returning guest Nick Radge, who was originally on episode number 4.

But in case you missed it; Nick is a systematic trend follower and momentum trader, most active in Australian and US equity markets.

This time around, we discussed mean reversion strategies and why they may appeal to certain traders, the importance of trade frequency when developing a system, which then leads into the characteristics of a robust trading system.

One of my own ‘top takeaways’ from this conversation, was hearing about Nick’s emphasis on trying to break and stress test systems – rather than simply trying to develop the “best system”.

Like the last few guests, Nick has also offered to answer any trading questions you might have. So if there’s something you want to know more about, just leave your questions in the comments are at the bottom of this page.

]]>For this episode I spoke with returning guest Nick Radge, who was originally on episode number 4.

But in case you missed it; Nick is a systematic trend follower and momentum trader, most active in Australian and US equity markets.

This time around, we discussed mean reversion strategies and why they may appeal to certain traders, the importance of trade frequency when developing a system, which then leads into the characteristics of a robust trading system.

One of my own ‘top takeaways’ from this conversation, was hearing about Nick’s emphasis on trying to break and stress test systems – rather than simply trying to develop the “best system”.

Like the last few guests, Nick has also offered to answer any trading questions you might have. So if there’s something you want to know more about, just leave your questions in the comments are at the bottom of this page.

Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from the UK, actively tracking 36 futures and forex markets – who takes a technical and systematic approach to trading.

Some of the highlights from our conversation…

Hearing about how Nicola’s typical trading day used to start 1:30am, learning that her mentor never showed her a single setup, the concept of preserving ‘mental capital’, and insight to how she trades with a systematic approach.

You may also like to know, Nicola is open to answering any questions you might have, so if there’s something you’d like to ask leave a comment at the bottom of this page.

And if you’re enjoying the podcast, please leave an iTunes review. It’ll take you no more than two minutes and it helps more than you know – you can even do it while you’re listening.

]]>Here we are, episode 63 and I have another brilliant (and very experienced) guest lined up for you this week.

Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from the UK, actively tracking 36 futures and forex markets – who takes a technical and systematic approach to trading.

Some of the highlights from our conversation…

Hearing about how Nicola’s typical trading day used to start 1:30am, learning that her mentor never showed her a single setup, the concept of preserving ‘mental capital’, and insight to how she trades with a systematic approach.

You may also like to know, Nicola is open to answering any questions you might have, so if there’s something you’d like to ask leave a comment at the bottom of this page.

And if you’re enjoying the podcast, please leave an iTunes review. It’ll take you no more than two minutes and it helps more than you know – you can even do it while you’re listening.

]]>42:09nofull062: Tracy (@ChiGrl) – Pairing technicals & fundamentals, and the life of a hardcore crude oil traderWed, 02 Mar 2016 23:38:50 +0000For this episode, I spoke with a trader who has spent many years in the financial hub of Chicago; Tracy – otherwise known as @ChiGrl on Twitter.

Tracy is a technical intraday trader, but also tracks fundamentals very closely. She solely focuses on the energy sector and has an obsession with crude oil...

During our interview, Tracy shares her story about how she up and left LA to chase her desire of becoming a trader. And how she wound up at a “hack-shop” brokerage, which is best described as a scene from the trading movie, Boiler Room.

We also discuss the bear market of oil, the impact falling prices have on a macro level, the skill sets that are have helped Tracy to survive and thrive as a trader, plus much more.

And last thing, Tracy has kindly offered to answer any questions that you may have – whether they’re about oil specifically, or just trading in general. Just scroll to the bottom of this page and write your questions in the comments area.

]]>For this episode, I spoke with a trader who has spent many years in the financial hub of Chicago; Tracy – otherwise known as @ChiGrl on Twitter.

Tracy is a technical intraday trader, but also tracks fundamentals very closely. She solely focuses on the energy sector and has an obsession with crude oil...

During our interview, Tracy shares her story about how she up and left LA to chase her desire of becoming a trader. And how she wound up at a “hack-shop” brokerage, which is best described as a scene from the trading movie, Boiler Room.

We also discuss the bear market of oil, the impact falling prices have on a macro level, the skill sets that are have helped Tracy to survive and thrive as a trader, plus much more.

And last thing, Tracy has kindly offered to answer any questions that you may have – whether they’re about oil specifically, or just trading in general. Just scroll to the bottom of this page and write your questions in the comments area.

]]>39:26nofull061: Ari Pine – A scientific trading perspective, process over outcome, and the law of large numbersWed, 24 Feb 2016 23:27:34 +0000Ari Pine has many years of real market experience on his side, and during this time he’s traded a whole range of markets in various positions and roles…

Some of those include; working at J.P. Morgan, developing risk management software, trading for a long volatility hedge fund, making markets in gold and silver options, and even giving presentations to the Chinese stock exchange.

Moving forward to current times, Ari is now in charge of building out a quantitative trading group – approaching the markets from a scientific perspective, and asking “good questions” to solve trading problems.

Our conversation includes all the above, plus some really valuable info about; positive expectations, the law of large numbers, and process over outcome.

]]>Ari Pine has many years of real market experience on his side, and during this time he’s traded a whole range of markets in various positions and roles…

Some of those include; working at J.P. Morgan, developing risk management software, trading for a long volatility hedge fund, making markets in gold and silver options, and even giving presentations to the Chinese stock exchange.

Moving forward to current times, Ari is now in charge of building out a quantitative trading group – approaching the markets from a scientific perspective, and asking “good questions” to solve trading problems.

Our conversation includes all the above, plus some really valuable info about; positive expectations, the law of large numbers, and process over outcome.

]]>01:10:04nofull060: Peter Tuchman – 30 years on the NYSE; a lesson in history with Wall St’s Most Photographed ManWed, 17 Feb 2016 23:24:24 +0000

Here we are at episode 60, and my guest is Peter Tuchman, aka the ‘Most Photographed Man on Wall Street’.

Peter is a broker on the floor of the New York Stock Exchange, and he’s worked there for the past 30 years. So as you could imagine, he’s seen massive shifts in the landscape of trading (especially on the floor), and has been in the thick of it for many significant market events.

During our interview, Peter shares some of his most memorable moments – reflecting on the crash of ’87, and what it was like to be there trading the Alibaba IPO. He also explains the role of a broker on the floor of the exchange today, and almost like a lesson in history; how this has changed over time. And of course, much much more.

I had a lot of fun doing this interview, Peter has an undeniable passion and excitement for markets, which you’ll pick up on straight away – so I hope you enjoy this interview.

]]>Here we are at episode 60, and my guest is Peter Tuchman, aka the ‘Most Photographed Man on Wall Street’.

Peter is a broker on the floor of the New York Stock Exchange, and he’s worked there for the past 30 years. So as you could imagine, he’s seen massive shifts in the landscape of trading (especially on the floor), and has been in the thick of it for many significant market events.

During our interview, Peter shares some of his most memorable moments – reflecting on the crash of ’87, and what it was like to be there trading the Alibaba IPO. He also explains the role of a broker on the floor of the exchange today, and almost like a lesson in history; how this has changed over time. And of course, much much more.

I had a lot of fun doing this interview, Peter has an undeniable passion and excitement for markets, which you’ll pick up on straight away – so I hope you enjoy this interview.

Dan has been involved with financial markets since 1995 (straight out of college), and got his start as a book-runner on the exchange floor. He later became a pit trader, and was also there for the transition to electronic markets.

These days, Dan plays a major role in training new traders to the firm, and predominantly focusing on two markets; Bunds and Euro Stoxx.

Some of the topics we covered during our discussion; how Dan seeks out trading opportunities and uses tools such as the price ladder and market profile. And how macro events effect have a significant impact on his trade decisions.

I also ask Dan a bunch of questions centered around prop trading, and he has some really interesting points to share on the topic of risk. So there’s plenty to learn from Dan, enjoy!

Note: This interview was recorded 3rd February 2015

]]>This weeks guest is Daniel Goldberg, an active trader and partner at Futex – a proprietary trading firm located in London, UK.

Dan has been involved with financial markets since 1995 (straight out of college), and got his start as a book-runner on the exchange floor. He later became a pit trader, and was also there for the transition to electronic markets.

These days, Dan plays a major role in training new traders to the firm, and predominantly focusing on two markets; Bunds and Euro Stoxx.

Some of the topics we covered during our discussion; how Dan seeks out trading opportunities and uses tools such as the price ladder and market profile. And how macro events effect have a significant impact on his trade decisions.

I also ask Dan a bunch of questions centered around prop trading, and he has some really interesting points to share on the topic of risk. So there’s plenty to learn from Dan, enjoy!

Note: This interview was recorded 3rd February 2015

]]>01:12:11yesfull058: Paul Singh – Planning and preparation; failing to plan is planning to failWed, 03 Feb 2016 23:15:08 +0000This week I spoke with Paul Singh, a long-time trader who has been doing this since his college days. Over the years he’s traded stocks, options and futures, but now tends to focus purely on stocks.

In fact, Paul actually began trading during the ‘dot com boom’ and quickly racked up huge profits – he was living large in a penthouse, his neighbors were professional athletes, and all was good …until the bubble burst, and that’s when he returned to square one.

So, during this interview we discuss; the light-bulb moments and changes he made to his trading which helped him to achieve sustainability and consistency. We talk about how he transitioned into full-time trading, why you should be cautious of micromanaging positions, and overall; how to be a better swing trader.

It’s worth mentioning, there’s also something within this interview for day traders, because Paul is very active on an intraday timeframe too.

]]>This week I spoke with Paul Singh, a long-time trader who has been doing this since his college days. Over the years he’s traded stocks, options and futures, but now tends to focus purely on stocks.

In fact, Paul actually began trading during the ‘dot com boom’ and quickly racked up huge profits – he was living large in a penthouse, his neighbors were professional athletes, and all was good …until the bubble burst, and that’s when he returned to square one.

So, during this interview we discuss; the light-bulb moments and changes he made to his trading which helped him to achieve sustainability and consistency. We talk about how he transitioned into full-time trading, why you should be cautious of micromanaging positions, and overall; how to be a better swing trader.

It’s worth mentioning, there’s also something within this interview for day traders, because Paul is very active on an intraday timeframe too.

]]>51:50nofull057: Jesse (@PsychoOnWallSt) – $500k of “beginner’s luck” and how to thrive as a part-time traderWed, 27 Jan 2016 23:01:07 +0000This week, I have a really interesting guest on the podcast; his name is Jesse, but in the Twittersphere he goes by @PsychoOnWallSt. (a play on the cult film American Psycho)

A couple things you should know about Jesse is; he made $500,000 in 90 days trading marijuana penny stocks, and then lost it all just as quickly – one wild story…

He went from part-time to full-time trading, and for now, has returned to part-time trading with the results confirming this was a profitable move. He describes his approach as a hybrid between a day trader and a swing trader.

And his motive for trading, is to one day open a fully-functional no-kill animal shelter – needless to say, I have a great amount of respect for Jesse.

All of these topics and more are covered in-depth during the interview. Plus, Jesse has also offered to answer any questions you may have for him at chatwithtraders.com/57. So go ahead and take advantage of this!

]]>This week, I have a really interesting guest on the podcast; his name is Jesse, but in the Twittersphere he goes by @PsychoOnWallSt. (a play on the cult film American Psycho)

A couple things you should know about Jesse is; he made $500,000 in 90 days trading marijuana penny stocks, and then lost it all just as quickly – one wild story…

He went from part-time to full-time trading, and for now, has returned to part-time trading with the results confirming this was a profitable move. He describes his approach as a hybrid between a day trader and a swing trader.

And his motive for trading, is to one day open a fully-functional no-kill animal shelter – needless to say, I have a great amount of respect for Jesse.

All of these topics and more are covered in-depth during the interview. Plus, Jesse has also offered to answer any questions you may have for him at chatwithtraders.com/57. So go ahead and take advantage of this!

Matt has been deeply involved in the business of trading since his early 20’s, and while he’s no longer an active trader – he is extremely insightful on the subject. Keeping in mind, he has extensive conversations with many traders every day; from absolute beginners to those trading 7-figure accounts and upwards.

In particular some of the topics we covered during this interview, include; the make-up of a successful trader, why professional trading should be boring (you hear it all the time, but Matt does a really great job of explaining WHY), some tips and pointers for selecting the right broker, and much more.

Matt has been deeply involved in the business of trading since his early 20’s, and while he’s no longer an active trader – he is extremely insightful on the subject. Keeping in mind, he has extensive conversations with many traders every day; from absolute beginners to those trading 7-figure accounts and upwards.

In particular some of the topics we covered during this interview, include; the make-up of a successful trader, why professional trading should be boring (you hear it all the time, but Matt does a really great job of explaining WHY), some tips and pointers for selecting the right broker, and much more.

Nate has been a day trader since 2003, and the stories from his first few years in the game are enough to make your head spin. After experiencing major highs and lows, both financially and psychologically (all covered during the interview), he’s gone from strength to strength playing small-cap momentum stocks.

Over the next 60 minutes you’ll learn about; Nate’s approach to fast moving stocks, the additional risks linked with short-selling, a smart way to scale up, the power of compounding, and heaps more.

For educational material and on-going support from the Investors Underground community, go to chatwithtraders.com/IU for a discounted rate.

Nate has been a day trader since 2003, and the stories from his first few years in the game are enough to make your head spin. After experiencing major highs and lows, both financially and psychologically (all covered during the interview), he’s gone from strength to strength playing small-cap momentum stocks.

Over the next 60 minutes you’ll learn about; Nate’s approach to fast moving stocks, the additional risks linked with short-selling, a smart way to scale up, the power of compounding, and heaps more.

For educational material and on-going support from the Investors Underground community, go to chatwithtraders.com/IU for a discounted rate.

]]>01:04:30nofull054: Rishi Narang – Components of a black box, humans versus computers, and high frequency tradingWed, 06 Jan 2016 23:36:36 +0000To start the year with a bang, I have a very special guest on the podcast this week, who I’d like you to meet – his name is, Rishi Narang.

Rishi has an impressive background, and has been involved with financial markets for over 20 years now. He originally started out as an analyst at Citibank, prior to co-founding TradeWorx with his brother Manoj Narang (a fintech company, turned high-frequency hedge fund).

Since 2005, Rishi has been the Founding Principal at T2AM – a fund of funds, which specialize in short term quant trading strategies.

He’s also the author of Inside the Black Box, and was featured in a must-watch VPRO documentary titled ‘Money & Speed: Inside the Black Box’.

During our discussion (which went for well over an hour), we spoke about; the non-textbook definition of alpha, the components of a black box, where humans have an advantage over computers and vice-a-versa, and we also explore the subject of high frequency trading and speed.

]]>To start the year with a bang, I have a very special guest on the podcast this week, who I’d like you to meet – his name is, Rishi Narang.

Rishi has an impressive background, and has been involved with financial markets for over 20 years now. He originally started out as an analyst at Citibank, prior to co-founding TradeWorx with his brother Manoj Narang (a fintech company, turned high-frequency hedge fund).

Since 2005, Rishi has been the Founding Principal at T2AM – a fund of funds, which specialize in short term quant trading strategies.

He’s also the author of Inside the Black Box, and was featured in a must-watch VPRO documentary titled ‘Money & Speed: Inside the Black Box’.

During our discussion (which went for well over an hour), we spoke about; the non-textbook definition of alpha, the components of a black box, where humans have an advantage over computers and vice-a-versa, and we also explore the subject of high frequency trading and speed.

]]>01:24:16yesfull053: BTCVIX – The Wild West of Trading; inside the realm of Bitcoin speculationThu, 31 Dec 2015 00:08:44 +0000This week I interviewed a short-term Bitcoin trader, who goes by the alias of BTCVIX.

As you can imagine, this episode is a little different – this is an area (or should I say, a market) we haven’t yet explored on the podcast, in past interviews.

With that being said, I found this discussion to be really interesting and I’m certain you will also. Some of the topics we spoke about include:

Why VIX went from initially trading stocks and options, into the Wild West – Bitcoin markets.

We spend plenty of time discussing the landscape of Bitcoin; going into how the digital currency is ‘mined’, how inflation is hard coded in the ‘ledger’, and the real ‘counter-party risks’.

Changing the way you may think about consistency, and understanding non-linear outcomes within your trading results.

But that’s just a quick sample of topics ahead – hit the ‘play’ button to learn more about the realm of cryptocurrencies.

]]>This week I interviewed a short-term Bitcoin trader, who goes by the alias of BTCVIX.

As you can imagine, this episode is a little different – this is an area (or should I say, a market) we haven’t yet explored on the podcast, in past interviews.

With that being said, I found this discussion to be really interesting and I’m certain you will also. Some of the topics we spoke about include:

Why VIX went from initially trading stocks and options, into the Wild West – Bitcoin markets.

We spend plenty of time discussing the landscape of Bitcoin; going into how the digital currency is ‘mined’, how inflation is hard coded in the ‘ledger’, and the real ‘counter-party risks’.

Changing the way you may think about consistency, and understanding non-linear outcomes within your trading results.

But that’s just a quick sample of topics ahead – hit the ‘play’ button to learn more about the realm of cryptocurrencies.

]]>01:00:04nofull052: Ernie Chan – How quant strategies are created, scrutinized and introduced to the marketWed, 23 Dec 2015 23:15:43 +0000This week I had the great pleasure of speaking with Dr Ernest Chan, from Toronto (Canada).

While many traders in the quantitative arena will already be familiar with Ernie, here’s a brief intro…

You could say, Ernie had somewhat of an unconventional introduction to trading – he started out on a research team at IBM, using machine learning and artificial intelligence techniques, teaching computers to understand human languages – before joining a prop trading group.

Today, Ernie has upwards of 15 years applying similar techniques to the domain of finance and trading – working with multiple prop firms and hedge funds across his career. And currently, Ernie is the managing member of QTS Capital Management.

Just to top it off, Ernie has written two books ‘Quantitative Trading’ and ‘Algorithmic Trading’, and also regularly speaks at conferences.

Some of the topics we cover during this episode are; diversification, capital allocation, generating strategy ideas, back-testing and a much more.

]]>This week I had the great pleasure of speaking with Dr Ernest Chan, from Toronto (Canada).

While many traders in the quantitative arena will already be familiar with Ernie, here’s a brief intro…

You could say, Ernie had somewhat of an unconventional introduction to trading – he started out on a research team at IBM, using machine learning and artificial intelligence techniques, teaching computers to understand human languages – before joining a prop trading group.

Today, Ernie has upwards of 15 years applying similar techniques to the domain of finance and trading – working with multiple prop firms and hedge funds across his career. And currently, Ernie is the managing member of QTS Capital Management.

Just to top it off, Ernie has written two books ‘Quantitative Trading’ and ‘Algorithmic Trading’, and also regularly speaks at conferences.

Some of the topics we cover during this episode are; diversification, capital allocation, generating strategy ideas, back-testing and a much more.

]]>01:00:26nofull051: Bryce Edwards – Tracking ‘stocks in play’ and acting on order book activity – intraday momentumWed, 16 Dec 2015 22:38:43 +0000I have a brilliant guest on the show this week who I can almost guarantee you’ve never heard of, he generally likes to fly under the radar, but thankfully for us he did agree to an interview – his name is Bryce Edwards.

Bryce is an Australian equities trader, he takes a discretionary approach, making his money from intraday price movements and goes home flat at the end of each day.

During the interview we walk through the 10+ years in the build up to Bryce becoming a profitable trader – he’s got an interesting story, and you may discover it’s quite relatable to your own situation.

We also talk about how the order book plays a key role in his trading decisions, and how he creates a ‘stocks in play’ watchlist using catalysts such as; company news, underlying commodity prices and broker upgrades and downgrades.

]]>I have a brilliant guest on the show this week who I can almost guarantee you’ve never heard of, he generally likes to fly under the radar, but thankfully for us he did agree to an interview – his name is Bryce Edwards.

Bryce is an Australian equities trader, he takes a discretionary approach, making his money from intraday price movements and goes home flat at the end of each day.

During the interview we walk through the 10+ years in the build up to Bryce becoming a profitable trader – he’s got an interesting story, and you may discover it’s quite relatable to your own situation.

We also talk about how the order book plays a key role in his trading decisions, and how he creates a ‘stocks in play’ watchlist using catalysts such as; company news, underlying commodity prices and broker upgrades and downgrades.

You may recall for episode 25 I invited Zach Hurwitz back onto the podcast (after being a featured guest on episode 011), to grill me about my own trading progress – well we’re another 25 episodes on now, so I thought it’d be a good point to check in with you and give another update on how I’m tracking…

To do this, Zach joins me again for the big 5-0 – and you’ll find the first part is mostly Zach asking questions for me to answer, then we switch it up, and during the later part I fire questions at Zach to answer. And we dive into a bunch of great topics (many listed below).

Just to add on this – pretty much every question asked during this episode has been crowd-sourced, so if you contributed a question last week, then there’s a good chance you’ll hear it asked at some point.

Two things you should know:

Zach is offering a FREE 30 minute, one-on-one coaching session to any trader listening who is, of course serious, and feels as though they could really do with some help. This is a very generous offer, and if you’d like to take him up on it – then send Zach an email, his address is TradingCoachZ@gmail.com.

And second, if you have any questions or comments for Zach or myself, scroll to the bottom of the page and drop a line in the comments area – both Zach and I will be keeping a close eye on this to respond and interact with you.

]]>You may recall for episode 25 I invited Zach Hurwitz back onto the podcast (after being a featured guest on episode 011), to grill me about my own trading progress – well we’re another 25 episodes on now, so I thought it’d be a good point to check in with you and give another update on how I’m tracking…

To do this, Zach joins me again for the big 5-0 – and you’ll find the first part is mostly Zach asking questions for me to answer, then we switch it up, and during the later part I fire questions at Zach to answer. And we dive into a bunch of great topics (many listed below).

Just to add on this – pretty much every question asked during this episode has been crowd-sourced, so if you contributed a question last week, then there’s a good chance you’ll hear it asked at some point.

Two things you should know:

Zach is offering a FREE 30 minute, one-on-one coaching session to any trader listening who is, of course serious, and feels as though they could really do with some help. This is a very generous offer, and if you’d like to take him up on it – then send Zach an email, his address is TradingCoachZ@gmail.com.

And second, if you have any questions or comments for Zach or myself, scroll to the bottom of the page and drop a line in the comments area – both Zach and I will be keeping a close eye on this to respond and interact with you.

]]>02:43:50yesfull049: Haim Bodek – Exposing the ‘cheats’ on Wall Street, with HFT whistle-blower & market structure mastermindThu, 03 Dec 2015 00:08:30 +0000There’s a very special guest on the podcast this week, who I’m excited to introduce…

His name is Haim Bodek, although some refer to him as ‘The Algo Arms Dealer’ (and I totally understand why).

Haim began his trading career at Hull Trading, a prestigious firm well known for driving forward innovation in the domain of automated trading. Following Hull, Haim then went into significant roles at Goldman Sachs, and UBS – which are all discussed during the interview.

But to further set the scene, in 2007 Haim founded Trading Machines, a high frequency trading operation. At the peak, Trading Machines accounted for 0.5% of all options trading volume, with a team of 25 (one of who, was Bryan Wiener of EP 040).

All was well for a couple years until the beginning of 2009, when Trading Machines ran into issues and began to bleed money, for unknown reasons. Until Haim later discovered, at the root of the problem were secretive order types being used by a select few firms, giving them an unfair advantage to front-run the orders of other participants.

With this discovery, Haim went to the SEC to raise his concern about such order types – little did he know at the time, that this would be the beginning for one of the most sophisticated and complex investigations carried out by the SEC to date. So of course, we speak about all of this in much more detail during the interview.

And we also speak about another fascinating topic – which is, Payment for Order Flow. Haim shares with us what is really happening to your orders after you click the button to buy or sell – you might even be surprised to find out that a large majority of retail orders, never even make it to an exchange…

]]>There’s a very special guest on the podcast this week, who I’m excited to introduce…

His name is Haim Bodek, although some refer to him as ‘The Algo Arms Dealer’ (and I totally understand why).

Haim began his trading career at Hull Trading, a prestigious firm well known for driving forward innovation in the domain of automated trading. Following Hull, Haim then went into significant roles at Goldman Sachs, and UBS – which are all discussed during the interview.

But to further set the scene, in 2007 Haim founded Trading Machines, a high frequency trading operation. At the peak, Trading Machines accounted for 0.5% of all options trading volume, with a team of 25 (one of who, was Bryan Wiener of EP 040).

All was well for a couple years until the beginning of 2009, when Trading Machines ran into issues and began to bleed money, for unknown reasons. Until Haim later discovered, at the root of the problem were secretive order types being used by a select few firms, giving them an unfair advantage to front-run the orders of other participants.

With this discovery, Haim went to the SEC to raise his concern about such order types – little did he know at the time, that this would be the beginning for one of the most sophisticated and complex investigations carried out by the SEC to date. So of course, we speak about all of this in much more detail during the interview.

And we also speak about another fascinating topic – which is, Payment for Order Flow. Haim shares with us what is really happening to your orders after you click the button to buy or sell – you might even be surprised to find out that a large majority of retail orders, never even make it to an exchange…

]]>01:08:13nofull048: Linda Raschke – Trading a framework of your own, and using models to study price behavior w/ a Market WizardWed, 25 Nov 2015 23:56:18 +0000This week on the show I interviewed Linda Raschke – an active trader since 1981, when she started out on the floor of the Pacific Coast Stock Exchange as an options market maker.

In 1992, Jack Schwager interviewed Linda for his second installment of the Market Wizard series; The New Market Wizards.

Since then, Linda has traded for several hedge funds, and in 2002 she began one of her own – which has been ranked 17th out of 4,500 hedge funds for ‘Best 5 Year Performance’ by BarclaysHedge.

During this interview we covered some great topics, for example; adapting to environment changes, using models to study price behavior, and the part I really enjoyed was Linda’s advice to young traders towards the end. So please, make sure you pay close attention to this part.]]>This week on the show I interviewed Linda Raschke – an active trader since 1981, when she started out on the floor of the Pacific Coast Stock Exchange as an options market maker. In 1992, Jack Schwager interviewed Linda for his second installment of the Market Wizard series; The New Market Wizards. Since then, Linda has traded for several hedge funds, and in 2002 she began one of her own – which has been ranked 17th out of 4,500 hedge funds for ‘Best 5 Year Performance’ by BarclaysHedge. During this interview we covered some great topics, for example; adapting to environment changes, using models to study price behavior, and the part I really enjoyed was Linda’s advice to young traders towards the end. So please, make sure you pay close attention to this part.]]>49:19nofull047: Timothy Sykes – The hustle ‘n grind; beyond the big money, fast cars and exotic tripsWed, 18 Nov 2015 23:52:07 +0000This week I interviewed Timothy Sykes (of Profit.ly).

If you’re not already familiar with Tim (for some strange reason), he’s made quite a name for himself as the penny stock guru, who trades, teaches and flaunts big piles of cash on Instagram. And before you can get a word in sideways, he’ll also gladly remind you that he does have ‘millionaire students’!

I really enjoyed this conversation with Tim, because we covered many substantial topics that do play an important role in a traders’ success. To rattle off just some of those topics, we discussed:

What’s all fuss the about making a million dollars?

How to stay motivated and get the most out of your dedicated study time?

How to combat the urge of over-trading?

How to avoid liquidity issues in OTC markets?

And so much more…

Hope you enjoy this episode, with the man who has become wealthy from penny stocks (the most hated niche in all of finance) –Timothy Sykes.

If you’re not already familiar with Tim (for some strange reason), he’s made quite a name for himself as the penny stock guru, who trades, teaches and flaunts big piles of cash on Instagram. And before you can get a word in sideways, he’ll also gladly remind you that he does have ‘millionaire students’!

I really enjoyed this conversation with Tim, because we covered many substantial topics that do play an important role in a traders’ success. To rattle off just some of those topics, we discussed:

What’s all fuss the about making a million dollars?

How to stay motivated and get the most out of your dedicated study time?

How to combat the urge of over-trading?

How to avoid liquidity issues in OTC markets?

And so much more…

Hope you enjoy this episode, with the man who has become wealthy from penny stocks (the most hated niche in all of finance) –Timothy Sykes.

Hans originally started out as an accountant, before becoming a stock broker, following that he began to trade independently and now, trades other peoples money as well.

He’s been doing this for just over 8 years now, and one of the things I really liked that come about during our discussion, was how Hans has a laser focus on quality over quantity. As a day trader he averages between 1-3 trades per day, which he’s usually in and out of within the first couple hours of each session.

Which then lead into the topic of making money as a secondary objective, and having a primary objective to consistently make good trades, inline with your strategy. There’s a bunch of great takeaways over the next 45 minutes… enjoy!

]]>This week I interviewed Hans Dederle, the founder and president of Honza Financial – an options trading asset management firm (located in Florida).

Hans originally started out as an accountant, before becoming a stock broker, following that he began to trade independently and now, trades other peoples money as well.

He’s been doing this for just over 8 years now, and one of the things I really liked that come about during our discussion, was how Hans has a laser focus on quality over quantity. As a day trader he averages between 1-3 trades per day, which he’s usually in and out of within the first couple hours of each session.

Which then lead into the topic of making money as a secondary objective, and having a primary objective to consistently make good trades, inline with your strategy. There’s a bunch of great takeaways over the next 45 minutes… enjoy!

]]>46:59nofull045: Jack Litle – Global macro trading, the nature of probability, and when to place ‘big bets’Wed, 04 Nov 2015 23:08:21 +0000My guest on the podcast this week is Jack Litle of MercenaryTrader.com.

Jack is a global macro trader who originally started out as an international commodity broker – today, he now has more than 17 years of market experience and is a very competitive trader. He’s also a keen poker player, and believes there are many crossovers between poker and trading (which of course, makes for some interesting conversation during this episode).

Also during this episode, we speak about how Jack thinks of trading in terms of probabilistic outcomes, instead of attempting to ‘predict’ the future – we spend quite some time on this subject, and I myself found his views on this particularly interesting.

Another highlight, would be mastering the art of the big bet – where Jack shares insight to the times when you should press hard on a trade to make profits that have real impact.

]]>My guest on the podcast this week is Jack Litle of MercenaryTrader.com.

Jack is a global macro trader who originally started out as an international commodity broker – today, he now has more than 17 years of market experience and is a very competitive trader. He’s also a keen poker player, and believes there are many crossovers between poker and trading (which of course, makes for some interesting conversation during this episode).

Also during this episode, we speak about how Jack thinks of trading in terms of probabilistic outcomes, instead of attempting to ‘predict’ the future – we spend quite some time on this subject, and I myself found his views on this particularly interesting.

Another highlight, would be mastering the art of the big bet – where Jack shares insight to the times when you should press hard on a trade to make profits that have real impact.

]]>59:19nofull044: Michele Koenig – Lessons from a decade of swing trading, and how to overcome early failureWed, 28 Oct 2015 23:39:07 +0000Let me introduce you to my guest for episode 44 – Michele Koenig of Trade on the Fly, from Montana (at the very top of the United States).

Michele is primarily a swing trader of technical chart patterns, but also takes an occasional intraday position when she spots an opportunity.

During our discussion we spoke about a whole range of really interesting topics. To start with we covered Michele’s first few years when starting out, where she had some early success, then shortly after, lost almost everything – we spoke about how this happened, how she was affected, and how she bounced back.

Plus some of the other highlights would include; insight to Michele’s scanning process and how she tracks a watchlist, a reminder not to ‘trip over dollars while trying to save dimes’, and some words of wisdom to traders who are yet to breakthrough.

–

For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader – click here to enter.]]>Let me introduce you to my guest for episode 44 – Michele Koenig of Trade on the Fly, from Montana (at the very top of the United States). Michele is primarily a swing trader of technical chart patterns, but also takes an occasional intraday position when she spots an opportunity. During our discussion we spoke about a whole range of really interesting topics. To start with we covered Michele’s first few years when starting out, where she had some early success, then shortly after, lost almost everything – we spoke about how this happened, how she was affected, and how she bounced back. Plus some of the other highlights would include; insight to Michele’s scanning process and how she tracks a watchlist, a reminder not to ‘trip over dollars while trying to save dimes’, and some words of wisdom to traders who are yet to breakthrough. – For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader – click here to enter.]]>01:06:44nofull043: Jon Boorman – Buying stocks in uptrends, managing risk, and tips for long term survivalWed, 21 Oct 2015 23:13:46 +0000This week we’re at episode 43 and my guest is Jon Boorman (of Alpha Capture).

Jon has been immersed in the world of trading for over 30 years now, and has spent the majority of this time in the institutional space – he’s been on the buy-side, sell-side, run a trading desk, assistant to a portfolio manager, and has also been a prop trader. But now days Jon trades independently and does also manages assets for others.

His approach to trading is best described as a long-only trend following strategy, which we discuss extensively during this episode. Some of the topics we hit on include; why the simplicity of trend following can be both, a gift and a curse, why Jon trades the long-side only and how this affects him in a full fledged bear market.

Plus, Jon shares a few pointers on position sizing, and his best tips for long term survival. Jon was an interesting guest, and shared a lot of wisdom – I feel like you’re really going to enjoy our discussion.

For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader, visit – http://chatwithtraders.com/win.]]>This week we’re at episode 43 and my guest is Jon Boorman (of Alpha Capture). Jon has been immersed in the world of trading for over 30 years now, and has spent the majority of this time in the institutional space – he’s been on the buy-side, sell-side, run a trading desk, assistant to a portfolio manager, and has also been a prop trader. But now days Jon trades independently and does also manages assets for others. His approach to trading is best described as a long-only trend following strategy, which we discuss extensively during this episode. Some of the topics we hit on include; why the simplicity of trend following can be both, a gift and a curse, why Jon trades the long-side only and how this affects him in a full fledged bear market. Plus, Jon shares a few pointers on position sizing, and his best tips for long term survival. Jon was an interesting guest, and shared a lot of wisdom – I feel like you’re really going to enjoy our discussion. For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader, visit – http://chatwithtraders.com/win.]]>01:18:11nofull042: Bert Mouler – Harnessing the power of machine learning for money making algo strategiesWed, 14 Oct 2015 22:42:08 +0000What you’re about to hear is an interview with Bert Mouler – he’s a trader of futures and equities, and has been involved with markets since ’07. But he does things a little different to most…

He’s an algorithmic trader who harnesses the power of machine learning to discover and develop profitable trading strategies. This is an area that hasn’t been covered in previous episodes, (except for the odd mention here and there) so it was really great to have Bert on the show to share some insight on machine learning and how it works in the field of trading.

Beyond this, you’ll also hear Bert’s views on diversification and how he thinks about risk management. Plus, one of the things I really respect about Bert – his drive for continual progression, attitude towards further education, and the way he approaches goal setting.

]]>What you’re about to hear is an interview with Bert Mouler – he’s a trader of futures and equities, and has been involved with markets since ’07. But he does things a little different to most…

He’s an algorithmic trader who harnesses the power of machine learning to discover and develop profitable trading strategies. This is an area that hasn’t been covered in previous episodes, (except for the odd mention here and there) so it was really great to have Bert on the show to share some insight on machine learning and how it works in the field of trading.

Beyond this, you’ll also hear Bert’s views on diversification and how he thinks about risk management. Plus, one of the things I really respect about Bert – his drive for continual progression, attitude towards further education, and the way he approaches goal setting.

Kam originally started out in 2001, from 2005 onward he spent a few years trading within a prop firm, and now days has reverted to trading independently.

During this interview we discuss the great emphasis Kam places on auction market theory, market profiling and volume profiling techniques, to capitalize on intraday moves.

Additionally, we also discuss the importance of believing in your trading plan, the two types of risk; financial and psychological. And how Kam uses NLP, mindfulness and meditation practices to continually improve trading performance.

Plus plenty more – but, developing the right mindset seems to be the underlying theme throughout this episode.

]]>This week my guest is a discretionary futures trader from London (UK), his name is Kam Dhadwar.

Kam originally started out in 2001, from 2005 onward he spent a few years trading within a prop firm, and now days has reverted to trading independently.

During this interview we discuss the great emphasis Kam places on auction market theory, market profiling and volume profiling techniques, to capitalize on intraday moves.

Additionally, we also discuss the importance of believing in your trading plan, the two types of risk; financial and psychological. And how Kam uses NLP, mindfulness and meditation practices to continually improve trading performance.

Plus plenty more – but, developing the right mindset seems to be the underlying theme throughout this episode.

]]>01:01:40nofull040: Bryan Wiener – Reflects on his years as a pit trader, and takes us to school on the subject of optionsThu, 01 Oct 2015 00:16:47 +0000This week I’m joined by Bryan Wiener, to put it simply, he’s a man crazy about options. So options guys, this should be right up your alley. I have to admit there were a few moments where my lack of knowledge of options is probably quite obvious – but Bryan delivered well and truly.

So a little background on Bryan…

He’s been actively trading for just over 15 years – and what’s particularly interesting about Bryan is how he’s been involved with markets from a number of various angles. And what I mean by that is…

He originally started out as a market maker on the floor of the CME (and by the way, has some great stories which he shares during the interview). From there he later joined Haim Bodek for the rise and fall of Trade Machines, which was essentially a black-box startup which was ruined due to HFT manipulative orders.

And now days he’s the quantitative options specialist on the Sang Lucci team, as well as an independent trader.

During the interview we of course go right into Bryan’s journey of how he got to where he is now. As well as plenty of discussion about options markets, including; how options have evolved, the various types of options traders and where their edge exists, and a few things aspiring options traders need to be aware of.

]]>This week I’m joined by Bryan Wiener, to put it simply, he’s a man crazy about options. So options guys, this should be right up your alley. I have to admit there were a few moments where my lack of knowledge of options is probably quite obvious – but Bryan delivered well and truly.

So a little background on Bryan…

He’s been actively trading for just over 15 years – and what’s particularly interesting about Bryan is how he’s been involved with markets from a number of various angles. And what I mean by that is…

He originally started out as a market maker on the floor of the CME (and by the way, has some great stories which he shares during the interview). From there he later joined Haim Bodek for the rise and fall of Trade Machines, which was essentially a black-box startup which was ruined due to HFT manipulative orders.

And now days he’s the quantitative options specialist on the Sang Lucci team, as well as an independent trader.

During the interview we of course go right into Bryan’s journey of how he got to where he is now. As well as plenty of discussion about options markets, including; how options have evolved, the various types of options traders and where their edge exists, and a few things aspiring options traders need to be aware of.

]]>57:07yesfull039: Tom Dante – Speaks to the competitiveness of trading and essential skill sets for profitabilityWed, 23 Sep 2015 22:59:43 +0000This week, for episode 39 I had the great pleasure of speaking with Tom Dante (who you may already know from Twitter as @Trader_Dante).

But if you don’t, that’s cool – I’ll give you a real quick snapshot now…

Tom’s a day trader from London, who tells it exactly how it is, he makes no attempt to soften the blow from the harsh realities of trading.

He’s got a really interesting and unique story about how he got started trading, which was around 1999. And from that point on there was a period of about 7 years, where Tom struggled to gain consistency with his trading results (we speak at lengths about this during the first part of the interview).

After developing a track record of profitability, Tom joined a prop trading firm, where he learnt many of the solid trading principals that have shaped him into the trader he is today – many of which are discussed during this episode.

Now days, Tom is an independent trader who focuses mostly on the Bund market intraday, as well as other futures.

Besides the few points I’ve already mentioned, we of course discuss much more, including; the competitiveness of professional trading, the importance of learning from your mistakes quickly, and the real cost of becoming a great trader.

To learn more about the dedicated one-on-one coaching service, visit: chatwithtraders.com/coaching

]]>This week, for episode 39 I had the great pleasure of speaking with Tom Dante (who you may already know from Twitter as @Trader_Dante).

But if you don’t, that’s cool – I’ll give you a real quick snapshot now…

Tom’s a day trader from London, who tells it exactly how it is, he makes no attempt to soften the blow from the harsh realities of trading.

He’s got a really interesting and unique story about how he got started trading, which was around 1999. And from that point on there was a period of about 7 years, where Tom struggled to gain consistency with his trading results (we speak at lengths about this during the first part of the interview).

After developing a track record of profitability, Tom joined a prop trading firm, where he learnt many of the solid trading principals that have shaped him into the trader he is today – many of which are discussed during this episode.

Now days, Tom is an independent trader who focuses mostly on the Bund market intraday, as well as other futures.

Besides the few points I’ve already mentioned, we of course discuss much more, including; the competitiveness of professional trading, the importance of learning from your mistakes quickly, and the real cost of becoming a great trader.

To learn more about the dedicated one-on-one coaching service, visit: chatwithtraders.com/coaching

]]>01:24:23yesfull038: Kevin Davey – The development process of an algo trading strategy, from objectives to live tradingThu, 17 Sep 2015 00:59:14 +0000This week on the podcast I have algorithmic trader, Kevin Davey. Who like many guests in the past, he comes from a background in engineering – there’s something about these engineers, they seem to make really great traders…

After getting off to a bumpy start 25 years ago, Kevin has come a very long way. Between 2005 and 2007 Kevin competed in the World Cup of Futures Trading Championship, where he finished in first place once, and second place twice. Each time with returns in excess of 100%!

Kevin is also the author of Building Winning Algorithmic Trading Systems, a book which has been well-received by the trading community and has plenty of 5-star ratings and reviews on Amazon.

During this interview we cover the great focus Kevin places on trading multiple strategies in multiple markets to achieve a smoother equity curve. And he also walks us through his development process for taking an algorithmic strategy from objectives and initial idea, through to total automation. Plus plenty more, and even if you’re not familiar with this side of trading, you shouldn’t have too much trouble keeping up, because Kevin does an excellent job of explaining everything.

Also, I’m going to ask again… If you haven’t already done so, could you please leave a very brief review on the podcast in iTunes while you’re listening. Just go to chatwithtraders.com/itunes, if you’d like to support the show.

]]>This week on the podcast I have algorithmic trader, Kevin Davey. Who like many guests in the past, he comes from a background in engineering – there’s something about these engineers, they seem to make really great traders…

After getting off to a bumpy start 25 years ago, Kevin has come a very long way. Between 2005 and 2007 Kevin competed in the World Cup of Futures Trading Championship, where he finished in first place once, and second place twice. Each time with returns in excess of 100%!

Kevin is also the author of Building Winning Algorithmic Trading Systems, a book which has been well-received by the trading community and has plenty of 5-star ratings and reviews on Amazon.

During this interview we cover the great focus Kevin places on trading multiple strategies in multiple markets to achieve a smoother equity curve. And he also walks us through his development process for taking an algorithmic strategy from objectives and initial idea, through to total automation. Plus plenty more, and even if you’re not familiar with this side of trading, you shouldn’t have too much trouble keeping up, because Kevin does an excellent job of explaining everything.

Also, I’m going to ask again… If you haven’t already done so, could you please leave a very brief review on the podcast in iTunes while you’re listening. Just go to chatwithtraders.com/itunes, if you’d like to support the show.

]]>53:20nofull037: Futures Trader 71 – Understanding areas of acceptance, thinking in probabilities, and creating a legacyWed, 09 Sep 2015 22:41:28 +0000This week I had the pleasure of speaking to another brilliant trader, who has been heavily requested – his name is Morad, but many know him best as Futures Trader 71 (or FT for short).

To give you the 30 second rundown, FT has been an active trader since 2000, when he started out scalping NASDAQ stocks among the original SOES Bandits. A few years in he made the transition to trading futures, and later started his own proprietary trading firm, where he funded and mentored a team of traders.

These days FT runs a brokerage, where he provides continuous education and risk control to a structured community. And of course, he remains an active futures trader, with a great focus on reading market profile and volume profile – which we get into during this interview.

While you’re listening, I’d love it if you could please leave a brief review on the podcast in iTunes. This helps in a huge way to increase rankings and reach more listeners!

]]>This week I had the pleasure of speaking to another brilliant trader, who has been heavily requested – his name is Morad, but many know him best as Futures Trader 71 (or FT for short).

To give you the 30 second rundown, FT has been an active trader since 2000, when he started out scalping NASDAQ stocks among the original SOES Bandits. A few years in he made the transition to trading futures, and later started his own proprietary trading firm, where he funded and mentored a team of traders.

These days FT runs a brokerage, where he provides continuous education and risk control to a structured community. And of course, he remains an active futures trader, with a great focus on reading market profile and volume profile – which we get into during this interview.

While you’re listening, I’d love it if you could please leave a brief review on the podcast in iTunes. This helps in a huge way to increase rankings and reach more listeners!

]]>01:36:33nofull036: Peter Brandt – Trading since 1975, lessons from 40+ years of extraordinary returnsThu, 03 Sep 2015 00:56:51 +0000I can promise you right now, this one will not disappoint…

My guest today is the legendary trader, Peter Brandt.

Peter first started trading around 1975 (which I’m sure is before many of you listening were even born – that’s certainly the case for me). So that’s 5 decades involved with markets, i.e. ’70’s, ’80’s, ’90’s… – a very long time!

To give you an idea of Peter’s performance during this time, he has achieved a compounding annual growth rate of approximately 42%, with his best year returning well over 600%. Of course we want to know about his worst years also, well there has only been three of them, which were all drawdowns of less than 8%.

During this interview we discuss Peter’s early years working at the Chicago Board of Trade, and classical charting patterns (which form the roots of his trading methodology). We also get into Peter’s views on high frequency trading operations, why he has the default assumption that every trade will be a losing bet and some of the common misconceptions about super-traders.

Learn more about the latest CWT eBook here: chatwithtraders.com/read

]]>I can promise you right now, this one will not disappoint…

My guest today is the legendary trader, Peter Brandt.

Peter first started trading around 1975 (which I’m sure is before many of you listening were even born – that’s certainly the case for me). So that’s 5 decades involved with markets, i.e. ’70’s, ’80’s, ’90’s… – a very long time!

To give you an idea of Peter’s performance during this time, he has achieved a compounding annual growth rate of approximately 42%, with his best year returning well over 600%. Of course we want to know about his worst years also, well there has only been three of them, which were all drawdowns of less than 8%.

During this interview we discuss Peter’s early years working at the Chicago Board of Trade, and classical charting patterns (which form the roots of his trading methodology). We also get into Peter’s views on high frequency trading operations, why he has the default assumption that every trade will be a losing bet and some of the common misconceptions about super-traders.

Learn more about the latest CWT eBook here: chatwithtraders.com/read

]]>01:10:27nofull035: Howard Lindzon – Speaks on high growth stocks, “destroying” the market and angel investing (Co-founder of StockTwits)Wed, 26 Aug 2015 23:16:24 +0000This week I have a very special guest on the show who almost needs no introduction, Howard Lindzon. Who’s best known as the co-founder of StockTwits, but he’s a man who wears many hats, he’s also a trader, investor, hedge fund manager, entrepreneur and a rock-star angel investor.

So as you could imagine, I was thrilled to have Howard on the show this week. We spoke for around 50 minutes, and discussed the early years of his career (from the days of when he used to work in the back office of a brokerage firm).

We also covered Howard’s methodology around trading high growth stocks and the idea of ‘buy high, sell higher’, how innovative technology may revolutionize the landscape of trading over the next 5-10 years. And on top of this, we also talk about some of the angel investments that Howard has been involved with.

Now if you enjoy this interview, please go to chatwithtraders.com/itunes and leave a review. It doesn’t have to be anything major, even a single sentence would be a huge help (as it improves the CWT rankings in iTunes). I’d really appreciate this, and it’s the easiest way that you can support this show…

]]>This week I have a very special guest on the show who almost needs no introduction, Howard Lindzon. Who’s best known as the co-founder of StockTwits, but he’s a man who wears many hats, he’s also a trader, investor, hedge fund manager, entrepreneur and a rock-star angel investor.

So as you could imagine, I was thrilled to have Howard on the show this week. We spoke for around 50 minutes, and discussed the early years of his career (from the days of when he used to work in the back office of a brokerage firm).

We also covered Howard’s methodology around trading high growth stocks and the idea of ‘buy high, sell higher’, how innovative technology may revolutionize the landscape of trading over the next 5-10 years. And on top of this, we also talk about some of the angel investments that Howard has been involved with.

Now if you enjoy this interview, please go to chatwithtraders.com/itunes and leave a review. It doesn’t have to be anything major, even a single sentence would be a huge help (as it improves the CWT rankings in iTunes). I’d really appreciate this, and it’s the easiest way that you can support this show…

]]>50:39yesfull034: Michael Melissinos – Launching a fund at 26, and trading trends in 40 global futures marketsWed, 19 Aug 2015 23:09:46 +0000When the market went down in ’08 this weeks guest, Michael Melissinos was right there, in the thick of it. He was an analyst on the trading desk at Bear Sterns, and then later at JP Morgan after they were bought out.

Since then, Michael’s left his Wall Street days behind him, and now trades a fund of his own, using a systematic trend following approach, that operates on 40 global markets.

Although I missed a large chunk of the story there, you’ll hear how Michael got to this stage of his career during the interview. And a few of the lessons that shaped him into the trader he is today, including the advice he received from Market Wizard, Ed Seykota.

I also like Michael’s thoughts around why you should consider playing a game that’s larger than money, and the emphasis he places on preparation.

]]>When the market went down in ’08 this weeks guest, Michael Melissinos was right there, in the thick of it. He was an analyst on the trading desk at Bear Sterns, and then later at JP Morgan after they were bought out.

Since then, Michael’s left his Wall Street days behind him, and now trades a fund of his own, using a systematic trend following approach, that operates on 40 global markets.

Although I missed a large chunk of the story there, you’ll hear how Michael got to this stage of his career during the interview. And a few of the lessons that shaped him into the trader he is today, including the advice he received from Market Wizard, Ed Seykota.

I also like Michael’s thoughts around why you should consider playing a game that’s larger than money, and the emphasis he places on preparation.

His journey to becoming a trader kicked off roughly 7 years ago, after his interest in markets was peaked from reading through a book about stocks.

While these days Chris has found his edge, he did spin his wheels for several years to begin with, and also managed to run several accounts into the ground. During this time, one of the greater turning points came when Chris found another trader who was willing to pass down his experience, and offer him some much needed guidance.

And as we all understand, to have a mentor on your side is extremely valuable, so I asked Chris a number of questions around this subject which you may find helpful.

We also discuss the importance of repetition in your learning, how to build discipline and also touch on some mindset challenges that can be early roadblocks for developing traders.

I feel like many of you listening will find Chris’s story to be relatable, and hopefully you’ll takeaway a few important lessons from this interview.

]]>Chris is an equities trader from Southampton, UK.

His journey to becoming a trader kicked off roughly 7 years ago, after his interest in markets was peaked from reading through a book about stocks.

While these days Chris has found his edge, he did spin his wheels for several years to begin with, and also managed to run several accounts into the ground. During this time, one of the greater turning points came when Chris found another trader who was willing to pass down his experience, and offer him some much needed guidance.

And as we all understand, to have a mentor on your side is extremely valuable, so I asked Chris a number of questions around this subject which you may find helpful.

We also discuss the importance of repetition in your learning, how to build discipline and also touch on some mindset challenges that can be early roadblocks for developing traders.

I feel like many of you listening will find Chris’s story to be relatable, and hopefully you’ll takeaway a few important lessons from this interview.

]]>59:09nofull032: Dan Shapiro – How to handle a run of losses & grind through slumps, while keeping your emotions intactWed, 05 Aug 2015 22:19:02 +0000I’ve received many requests for this weeks guest, in recent months. Maybe it’s because he’s a straight shooter who doesn’t mix his words, or maybe it’s because he’s bounced back from harsh failures, to become an exceptional trader.

Whatever the reason may be, I know for certain, you’re going to appreciate the raw honesty and insight of this weeks guest – Dan Shapiro.

Coming up from humble beginnings, Dan called on the neighborhood loan shark to fund his first trading account, which got him through the door to one of the largest prop firms at the time. This is where he rubbed shoulders with many phenomenal traders, who helped shape him into the trader he is today.

This interview is ultimately focused on the mental and psychological aspects of trading. We discuss some of the darkest moments from Dan’s trading career, how to handle losses and grind through slumps, trading the setup and not your PnL, and why you should care more about trading right, rather than being right.

Dan was great to talk to, and I trust you’ll enjoy this episode. Actually, it may even be worthwhile for you to play this through twice, just to ensure you don’t miss anything.

I’m Aaron Fifield, your host of Chat With Traders, and here is this weeks guest from New York City, Dan Shapiro.

]]>I’ve received many requests for this weeks guest, in recent months. Maybe it’s because he’s a straight shooter who doesn’t mix his words, or maybe it’s because he’s bounced back from harsh failures, to become an exceptional trader.

Whatever the reason may be, I know for certain, you’re going to appreciate the raw honesty and insight of this weeks guest – Dan Shapiro.

Coming up from humble beginnings, Dan called on the neighborhood loan shark to fund his first trading account, which got him through the door to one of the largest prop firms at the time. This is where he rubbed shoulders with many phenomenal traders, who helped shape him into the trader he is today.

This interview is ultimately focused on the mental and psychological aspects of trading. We discuss some of the darkest moments from Dan’s trading career, how to handle losses and grind through slumps, trading the setup and not your PnL, and why you should care more about trading right, rather than being right.

Dan was great to talk to, and I trust you’ll enjoy this episode. Actually, it may even be worthwhile for you to play this through twice, just to ensure you don’t miss anything.

I’m Aaron Fifield, your host of Chat With Traders, and here is this weeks guest from New York City, Dan Shapiro.

]]>01:08:29nofull031: Luke Cummings – Low-correlation equities trading; how to avoid being tied to the marketWed, 29 Jul 2015 23:06:04 +0000This week I spoke with Luke Cummings, an Australian equities trader with 14 plus years of experience on his side.

After making a last minute decision that journalism wasn’t a good fit, Luke went into a finance degree which lead him to become a stockbroker, which then lead him to become a trader.

Now days Luke remains an active trader, and operates a hedge fund based in Sydney, as well as running The Long And Short Of It – a model portfolio service and trading blog.

We keep things fresh in this interview, by discussing trading methods and strategies that haven’t been spoken about in previous episodes. And additionally, Luke shares some of the common traps that often catch entry-level traders, and how you may be able to avoid the avoidable with insight.

Enjoy team!]]>This week I spoke with Luke Cummings, an Australian equities trader with 14 plus years of experience on his side. After making a last minute decision that journalism wasn’t a good fit, Luke went into a finance degree which lead him to become a stockbroker, which then lead him to become a trader. Now days Luke remains an active trader, and operates a hedge fund based in Sydney, as well as running The Long And Short Of It – a model portfolio service and trading blog. We keep things fresh in this interview, by discussing trading methods and strategies that haven’t been spoken about in previous episodes. And additionally, Luke shares some of the common traps that often catch entry-level traders, and how you may be able to avoid the avoidable with insight. Enjoy team!]]>01:01:02nofull030: Tom Basso – The logic of trend following, and how to improve your trader psychology with a Market WizardWed, 22 Jul 2015 21:59:42 +0000This week we’re taking it up a level…

I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat.

Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround.

With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital.

And while Tom’s now retired, he still actively studies the market and continues to trade.

This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’.

]]>This week we’re taking it up a level…

I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat.

Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround.

With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital.

And while Tom’s now retired, he still actively studies the market and continues to trade.

This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’.

]]>01:19:49nofull029: Brian Shannon – The science of technical analysis, versus the art of trading (Founder of AlphaTrends)Wed, 15 Jul 2015 23:09:19 +0000This weeks guest is Brian Shannon, who first and foremost is a professional trader, whose involvement with the market dates back well over 20 years.

He’s also the author of the highly regarded book, Technical Analysis Using Multiple Timeframes. And thirdly, Brian is the founder of AlphaTrends, an educational company focused on teaching traders how to navigate the market successfully.

For the most part Brian is a swing trader, with the occasional day trade in the mix. During the interview Brian discusses both approaches, and gives a few pointers that may help you to discover the right timeframe for your own trading.

We also talk about understanding the psychology of market participants within well-known patterns, the two indicators that Brian uses most often (one of them being VWAP – Volume Weighted Average Price), and Brian also walks us through the 4 stages of a market cycle: accumulation, markup, distribution & decline.

So all in all, Brian hit on plenty of great topics, and I feel like you’re really going to enjoy the insight he shares with us

]]>This weeks guest is Brian Shannon, who first and foremost is a professional trader, whose involvement with the market dates back well over 20 years.

He’s also the author of the highly regarded book, Technical Analysis Using Multiple Timeframes. And thirdly, Brian is the founder of AlphaTrends, an educational company focused on teaching traders how to navigate the market successfully.

For the most part Brian is a swing trader, with the occasional day trade in the mix. During the interview Brian discusses both approaches, and gives a few pointers that may help you to discover the right timeframe for your own trading.

We also talk about understanding the psychology of market participants within well-known patterns, the two indicators that Brian uses most often (one of them being VWAP – Volume Weighted Average Price), and Brian also walks us through the 4 stages of a market cycle: accumulation, markup, distribution & decline.

So all in all, Brian hit on plenty of great topics, and I feel like you’re really going to enjoy the insight he shares with us

]]>01:02:57nofull028: Andrew Falde – How to avoid ‘predicting’, the purpose of options markets & the 7 components of profitable systemsWed, 08 Jul 2015 21:59:24 +0000Attracted by the fact that traders can make money in both rising and falling markets, this weeks guest Andrew Falde, left a career in commercial real estate when the GFC hit in ’08 to focus his attention on becoming a trader.

A few years on, Andrew has carved a profitable niche for himself; trading options and designing systems. Both topics which are covered in depth during this interview.

Some of the highlights from this discussion, would be; the way in which Andrew avoids trying to predict the market, and instead thinks of trades as a series of ‘if – then scenarios’. Also, the purpose of why options markets exist is really interesting, as well as the important factors one should consider when designing a system, and how Andrew applies a blend of systematic and discretionary aspects to his own trading.

GOT QUESTIONS? If there’s something you’re challenged with, or something you want to know more about, then take this opportunity to ask Andrew a question. Whether it’s in regards to trading options, designing systems, or just trading in general – Andrew’s your man, leave a question for him in the comments at the bottom of this page.]]>Attracted by the fact that traders can make money in both rising and falling markets, this weeks guest Andrew Falde, left a career in commercial real estate when the GFC hit in ’08 to focus his attention on becoming a trader. A few years on, Andrew has carved a profitable niche for himself; trading options and designing systems. Both topics which are covered in depth during this interview. Some of the highlights from this discussion, would be; the way in which Andrew avoids trying to predict the market, and instead thinks of trades as a series of ‘if – then scenarios’. Also, the purpose of why options markets exist is really interesting, as well as the important factors one should consider when designing a system, and how Andrew applies a blend of systematic and discretionary aspects to his own trading. GOT QUESTIONS? If there’s something you’re challenged with, or something you want to know more about, then take this opportunity to ask Andrew a question. Whether it’s in regards to trading options, designing systems, or just trading in general – Andrew’s your man, leave a question for him in the comments at the bottom of this page.]]>01:16:29nofull027: Jack Schwager – Shares the key lessons learnt from many of the worlds greatest traders (aka the Market Wizards)Wed, 01 Jul 2015 22:58:38 +0000The chances are you're already very familiar with this weeks guest, and if you're not - then I'll have to presume you're new to the realm of trading.

Jack Schwager is the author of a number of widely acclaimed financial books, including the timeless Market Wizards series - commonly referred to as all time favourites by many of our past guests.

As well as a bestselling author, Jack is widely recognised as an industry expert on markets, hedge funds and trading advice. He's also the co-founder of FundSeeder; a platform designed to find undiscovered trading talent, and connect successful traders with capital from investors.

During our interview we discuss Jack's lifetime involvement with markets, some of the key lessons he learnt firsthand from interviewing many of the worlds greatest traders, and so much more...

I hope you enjoy this interview, as much as I enjoyed hosting it. It was an absolute honour to speak with Jack for almost 90 minutes.

]]>The chances are you're already very familiar with this weeks guest, and if you're not - then I'll have to presume you're new to the realm of trading.

Jack Schwager is the author of a number of widely acclaimed financial books, including the timeless Market Wizards series - commonly referred to as all time favourites by many of our past guests.

As well as a bestselling author, Jack is widely recognised as an industry expert on markets, hedge funds and trading advice. He's also the co-founder of FundSeeder; a platform designed to find undiscovered trading talent, and connect successful traders with capital from investors.

During our interview we discuss Jack's lifetime involvement with markets, some of the key lessons he learnt firsthand from interviewing many of the worlds greatest traders, and so much more...

I hope you enjoy this interview, as much as I enjoyed hosting it. It was an absolute honour to speak with Jack for almost 90 minutes.

At a young age some people want nothing more than to be a trader, well this weeks guest is one of those people…

Brad Jelinek first started dabbling in stocks during his days in junior high, then from college he went straight into a Chicago prop firm. Thirteen years later, Brad is with the same firm and predominately trades futures.

So during our conversation, I of course asked Brad a bunch of questions around prop trading, and futures related topics, which he responded with many outstanding answers.

But the part I found to be really interesting, was listening to Brad talk about health ‘n wellbeing, and the emphasis he has on longevity in this business. So if you plan on sticking around, and really want to make something of your trading career, I suggest you pay extra close attention to this segment.

Q + A: Brad is on standby and keen to answer any questions you may have about trading. To ask him something, just scroll to the bottom of this page and leave a comment!]]> At a young age some people want nothing more than to be a trader, well this weeks guest is one of those people… Brad Jelinek first started dabbling in stocks during his days in junior high, then from college he went straight into a Chicago prop firm. Thirteen years later, Brad is with the same firm and predominately trades futures. So during our conversation, I of course asked Brad a bunch of questions around prop trading, and futures related topics, which he responded with many outstanding answers. But the part I found to be really interesting, was listening to Brad talk about health ‘n wellbeing, and the emphasis he has on longevity in this business. So if you plan on sticking around, and really want to make something of your trading career, I suggest you pay extra close attention to this segment. Q + A: Brad is on standby and keen to answer any questions you may have about trading. To ask him something, just scroll to the bottom of this page and leave a comment!]]>51:19nofull025: Aaron Fifield – Zach Hurwitz speaks with Aaron about his development as a traderThu, 18 Jun 2015 00:50:36 +0000This week I thought I’d change things up a little bit, and reverse the interview. So instead of firing questions at the guests like I normally do, I’m on the receiving end and giving the answers.

If you’ve had the chance to listen to EP 001, then you may recall I gave a brief overview right at the beginning, explaining where I was at with my trading. Well things have gradually progressed since then, so I thought this would be a good milestone to update anyone who is curious to know.

So to keep things interesting I brought on Zach Hurwtiz, who I’m sure you’ll remember from EP 011 of the podcast, and he’ll be the one asking questions. Zach’s a great friend of mine, and is continually guiding me along to becoming a better trader through regular coaching and mentoring, so I couldn’t think of anyone better for the job.

Plus, Zach also expands on many of my responses with additional insight, so all in all I hope you find this episode to be valuable in its own unique way.

And just before we get into it, if you have any questions or comments for either Zach or myself, just go to chatwithtraders.com/25, scroll to the bottom of the page and leave a comment. Both Zach and I will be monitoring this closely to respond and answer.

Alright team, enjoy and lets talk soon.]]>This week I thought I’d change things up a little bit, and reverse the interview. So instead of firing questions at the guests like I normally do, I’m on the receiving end and giving the answers. If you’ve had the chance to listen to EP 001, then you may recall I gave a brief overview right at the beginning, explaining where I was at with my trading. Well things have gradually progressed since then, so I thought this would be a good milestone to update anyone who is curious to know. So to keep things interesting I brought on Zach Hurwtiz, who I’m sure you’ll remember from EP 011 of the podcast, and he’ll be the one asking questions. Zach’s a great friend of mine, and is continually guiding me along to becoming a better trader through regular coaching and mentoring, so I couldn’t think of anyone better for the job. Plus, Zach also expands on many of my responses with additional insight, so all in all I hope you find this episode to be valuable in its own unique way. And just before we get into it, if you have any questions or comments for either Zach or myself, just go to chatwithtraders.com/25, scroll to the bottom of the page and leave a comment. Both Zach and I will be monitoring this closely to respond and answer. Alright team, enjoy and lets talk soon.]]>01:05:17nofull024: Ivaylo Ivanhoff – Riding industry momentum & using high probability swing setups to capitalize on short-term gainersWed, 10 Jun 2015 22:04:36 +0000On the show this week, my guest is Ivan Hoff!

An equities trader of 10 years, who tackles the market with a swing trading approach to capture powerful, short-term gainers that may run anywhere between 3 - 10 days.

While swing trading is his bread and butter, Ivan also allocates a portion of his capital to position trading, when he has reason to believe a trend will continue for the longer term.

He's written several books including 'The 5 Secrets to Highly Profitable Swing Trading' and 'The Next Apple' which was a collaboration with Howard Lindzon (the co-founder and CEO of Stocktwits).

Now, continue listening to learn about Ivan's trading methodology, one of his high probability swing setups, the importance of following industry momentum, and a whole lot more...

]]>42:16nofull023: David Bush – The transition from discretionary to quantitative trading & how to optimise your strategy (Founder of Alphatative)Wed, 03 Jun 2015 23:00:56 +0000I was fortunate enough to speak with David Bush, an extraordinary, seasoned trader with 20 years experience in financial markets.

David comes from a non-traditional background, and what I mean by this; he has no formal education in the field of finance. In fact, he is a music graduate and performed as a professional musician for many years.

But as you’re about to hear, David changed paths during his twenties to become a trader. After overcoming the initial challenges that all new market participants endure, David did well for himself as a discretionary trader for many years.

But with an urge to optimize his trading approach he gradually transitioned into a quantitative trader and went searching for new ways to exploit opportunities within the market. From there David has gone on to take out the number one spot of BattleFin’s ‘Sharpe Ratio Shootout’ (an international quantitative finance tournament), with over 3000 competitors.

During our interview David brings a really insightful take to topics such as the transition from discretionary to quantitative trading, how to eliminate a single point of failure by trading multiple systems, and how the Monte Carlo tool can teach you a lot about how robust your strategy really is.]]>I was fortunate enough to speak with David Bush, an extraordinary, seasoned trader with 20 years experience in financial markets. David comes from a non-traditional background, and what I mean by this; he has no formal education in the field of finance. In fact, he is a music graduate and performed as a professional musician for many years. But as you’re about to hear, David changed paths during his twenties to become a trader. After overcoming the initial challenges that all new market participants endure, David did well for himself as a discretionary trader for many years. But with an urge to optimize his trading approach he gradually transitioned into a quantitative trader and went searching for new ways to exploit opportunities within the market. From there David has gone on to take out the number one spot of BattleFin’s ‘Sharpe Ratio Shootout’ (an international quantitative finance tournament), with over 3000 competitors. During our interview David brings a really insightful take to topics such as the transition from discretionary to quantitative trading, how to eliminate a single point of failure by trading multiple systems, and how the Monte Carlo tool can teach you a lot about how robust your strategy really is.]]>01:09:39nofull022: Mike Bellafiore – How to be a better trader tomorrow, with the co-founder of SMB CapitalWed, 27 May 2015 22:16:17 +0000

This week I have great pleasure in saying, my guest on the show is Mike Bellafiore.

Mike is the co-founder of SMB Capital, a proprietary trading firm in New York City, as well as SMB University which is the arm for trader education. He’s also the author of two very popular trading books ‘One Good Trade’ and ‘The Playbook’.

Additionally, Mike is a regular contributor to Yahoo Finance, and often appears on CNBC’s Fast Money, CNN Money, Bloomberg, and Fox Business. But even with all of this going on Mike is still a very active, very successful trader.

During our interview, Mike delivers some great insight about traders often confusing psychology for a lack of edge, and an overview for one of his favorite setups which has been labeled ‘The Money Trade’. Plus, he shares the development program new traders go through when joining SMB Capital, and a few top-level pointers on how to achieve a sustainable trading style.

And I just want to point out this interview was recorded on the 20th of May, only reason I say this is because Mike mentions a few market events during this interview.

]]>This week I have great pleasure in saying, my guest on the show is Mike Bellafiore.

Mike is the co-founder of SMB Capital, a proprietary trading firm in New York City, as well as SMB University which is the arm for trader education. He’s also the author of two very popular trading books ‘One Good Trade’ and ‘The Playbook’.

Additionally, Mike is a regular contributor to Yahoo Finance, and often appears on CNBC’s Fast Money, CNN Money, Bloomberg, and Fox Business. But even with all of this going on Mike is still a very active, very successful trader.

During our interview, Mike delivers some great insight about traders often confusing psychology for a lack of edge, and an overview for one of his favorite setups which has been labeled ‘The Money Trade’. Plus, he shares the development program new traders go through when joining SMB Capital, and a few top-level pointers on how to achieve a sustainable trading style.

And I just want to point out this interview was recorded on the 20th of May, only reason I say this is because Mike mentions a few market events during this interview.

Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast.

Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX).

Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect.

Enjoy team!

]]>Welcome to episode 21, with a very special guest; Adam Grimes.

Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast.

Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX).

Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect.

Enjoy team!

]]>01:11:25nofull020: Kunal Desai – Drops knowledge on ‘go-to setups’, trading explosive momentum & how to combat the fear of missing outThu, 14 May 2015 00:20:33 +0000This week I was thrilled to speak with a well respected, high-energy, and incredibly insightful trader. And who many of you probably already know as the head honcho at Bulls on Wall Street, his name is Kunal Desai.

I’ve been trying to bring him on as a guest for quite sometime now, but it’s finally happened, so I’m glad to be sharing this with you!

If you’re unfamiliar with Kunal, I’m gonna give you the super condensed intro, because we discuss his journey in great detail for the first part of our interview.

So Kunal is essentially an intraday momentum trader. He’s been trading since his teens, and just like many of us, he really struggled for many years going into his twenties. Eventually persuading one of the few profitable traders he knew at the time to show him the ropes. This profitable trader was Paul Singh, who taught him how to actually work the market like a trader. From there, overall it’s been onwards and upwards.

During our discussion we cover quite a range of topics, lost of interesting stuff, and a ton of great pointers. Read below for the breakdown, or better yet – hit play!

]]>This week I was thrilled to speak with a well respected, high-energy, and incredibly insightful trader. And who many of you probably already know as the head honcho at Bulls on Wall Street, his name is Kunal Desai.

I’ve been trying to bring him on as a guest for quite sometime now, but it’s finally happened, so I’m glad to be sharing this with you!

If you’re unfamiliar with Kunal, I’m gonna give you the super condensed intro, because we discuss his journey in great detail for the first part of our interview.

So Kunal is essentially an intraday momentum trader. He’s been trading since his teens, and just like many of us, he really struggled for many years going into his twenties. Eventually persuading one of the few profitable traders he knew at the time to show him the ropes. This profitable trader was Paul Singh, who taught him how to actually work the market like a trader. From there, overall it’s been onwards and upwards.

During our discussion we cover quite a range of topics, lost of interesting stuff, and a ton of great pointers. Read below for the breakdown, or better yet – hit play!

]]>01:05:02yesfull019: Stuart McPhee – How to form the basis of a solid trading plan, and follow it with absolute disciplineWed, 06 May 2015 18:18:18 +0000I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away in a folder ever since.

But let me introduce you to this weeks guest – Stuart McPhee from Melbourne (Australia), he’s an equities and forex trader who has been involved with the markets for around about 20 years. And he is also the Author of ‘Trading in a Nutshell’.

Our discussion was heavily based around trading plans, covering things like, what exactly is a trading plan, how to create one, and then the trickiest part of all – how to actually follow it with discipline. Actually, Stuart shares a very simple discipline hack that will help you to follow your plan for the long term, not just the next week or so.

Even though it’s taken a while to surface, I’m pleased to finally share this interview with you.

]]>I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away in a folder ever since.

But let me introduce you to this weeks guest – Stuart McPhee from Melbourne (Australia), he’s an equities and forex trader who has been involved with the markets for around about 20 years. And he is also the Author of ‘Trading in a Nutshell’.

Our discussion was heavily based around trading plans, covering things like, what exactly is a trading plan, how to create one, and then the trickiest part of all – how to actually follow it with discipline. Actually, Stuart shares a very simple discipline hack that will help you to follow your plan for the long term, not just the next week or so.

Even though it’s taken a while to surface, I’m pleased to finally share this interview with you.

This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundation for his trading approach. In fact, he almost disregards charts altogether, and he relates the reason for this to his background in accounting and finance.

John Welsh has been a full time trader for over 10 years and he’s racked up millions of dollars in profits along the way.

His trading consists of both intraday and swing trading, and he concentrates mainly on Biotech stocks, making roughly 90% of his trades within this sector.

Now that I’ve given you the 1,000 ft view on John’s trading journey, here he is to fill in the blanks, and give us a lot more depth around his approach.

]]>This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundation for his trading approach. In fact, he almost disregards charts altogether, and he relates the reason for this to his background in accounting and finance.

John Welsh has been a full time trader for over 10 years and he’s racked up millions of dollars in profits along the way.

His trading consists of both intraday and swing trading, and he concentrates mainly on Biotech stocks, making roughly 90% of his trades within this sector.

Now that I’ve given you the 1,000 ft view on John’s trading journey, here he is to fill in the blanks, and give us a lot more depth around his approach.

]]>35:43yesfull017: Jason Leavitt – Swing trading for a large chunk of the major trend, plus the one common trait amongst million dollar tradersWed, 22 Apr 2015 17:38:14 +0000Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending.

This is where he began swing trading and to this day, Jason is still primarily a swing trader. Riding trends anywhere from a few days or a few weeks, sometimes it's even a matter of months when his aim is to take out a large chunk of the move. Ultimately the market environment dictates his holding time.

This is somewhat similar to the way I like to trade, so I found many of the answers Jason gives out during this interview to be particularly interesting, and I'm sure you will too. Regardless of the time-frame you trade.

Also, in the later part of this interview, Jason shares a story about the wildly successful independent traders he's met, and the one standout trait they all have in common. Which is again, really insightful.

Q + A: If you would like to ask Jason a question and get a few pointers - drop a comment at the bottom of chatwithtraders.com/jason and he'll respond to you with an answer.

]]>Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending.

This is where he began swing trading and to this day, Jason is still primarily a swing trader. Riding trends anywhere from a few days or a few weeks, sometimes it's even a matter of months when his aim is to take out a large chunk of the move. Ultimately the market environment dictates his holding time.

This is somewhat similar to the way I like to trade, so I found many of the answers Jason gives out during this interview to be particularly interesting, and I'm sure you will too. Regardless of the time-frame you trade.

Also, in the later part of this interview, Jason shares a story about the wildly successful independent traders he's met, and the one standout trait they all have in common. Which is again, really insightful.

Q + A: If you would like to ask Jason a question and get a few pointers - drop a comment at the bottom of chatwithtraders.com/jason and he'll respond to you with an answer.

]]>54:00nofull016: Tim Biggam – Tales from the pit, generating trade ideas, and a lesson in position sizing with an options veteranWed, 15 Apr 2015 23:54:38 +0000It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond quicker than the next participant.

But for this weeks guest Tim Biggam, that was the reality when he first entered the world of trading during 1985. And that entrance was straight onto the floor of the CBOE.

Just a couple years into his journey, Tim experienced the full force of the infamous 1987 crash. While he survived, and was still in good shape to trade the following day, this gave him a true appreciation for the importance of correct position sizing, after seeing so many traders get wiped out. Tim really goes into the topic of position sizing and why it is absolutely vital to get it right during the later part of this interview, so make sure to stay tuned in.

Additionally, Tim does a great job of explaining some of the terminology associated with options, how he uses scanning technology to generate trade ideas, and a whole lot more.

TAKE NOTE: Tim will be keeping a close eye on the comments at http://chatwithtrader.com/tim – so be sure to leave a question you would like him to answer!

]]>It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond quicker than the next participant.

But for this weeks guest Tim Biggam, that was the reality when he first entered the world of trading during 1985. And that entrance was straight onto the floor of the CBOE. Just a couple years into his journey, Tim experienced the full force of the infamous 1987 crash. While he survived, and was still in good shape to trade the following day, this gave him a true appreciation for the importance of correct position sizing, after seeing so many traders get wiped out. Tim really goes into the topic of position sizing and why it is absolutely vital to get it right during the later part of this interview, so make sure to stay tuned in. Additionally, Tim does a great job of explaining some of the terminology associated with options, how he uses scanning technology to generate trade ideas, and a whole lot more. TAKE NOTE: Tim will be keeping a close eye on the comments at http://chatwithtrader.com/tim – so be sure to leave a question you would like him to answer!

]]>46:39nofull015: Joel Kruger – How to use leverage in Forex markets for your best chance of survivalThu, 09 Apr 2015 00:58:06 +0000Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut out for law school.

But now days Joel is in the trenches as a self funded Forex trader, who has pushed on through many failures and created a tremendous lifestyle for himself, and his family.

Also it’s worth mentioning. Even if you’re not a Forex trader, Joel has a bunch of really good psychology tips that he shares throughout this interview.

And a special thanks to the guys who submitted questions over Twitter before this interview, Joel does a great job of answering these. So hit the play button, and start listening…

]]>Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut out for law school.

But now days Joel is in the trenches as a self funded Forex trader, who has pushed on through many failures and created a tremendous lifestyle for himself, and his family.

Also it’s worth mentioning. Even if you’re not a Forex trader, Joel has a bunch of really good psychology tips that he shares throughout this interview.

And a special thanks to the guys who submitted questions over Twitter before this interview, Joel does a great job of answering these. So hit the play button, and start listening…

]]>51:00nofull014: Ilan Azbel – Below the surface of algorithmic trading, and why you must understand the game from a macro perspective, with the founder of AutoChartistWed, 01 Apr 2015 23:34:33 +0000With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithmic trading approach.

My friends, I would like you to meet Ilan Azbel.

Ilan joins us to discuss algorithmic trading, and share some insights on a side of trading that is unfamiliar territory to many, especially in the retail space.

While we spoke for close to an hour, in the scheme of things, we only just managed to scratch the surface. But all in all, I think you'll find this really interesting and enough to get you curious (and maybe even excited) about the possibilities of algorithmic trading.

]]>With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithmic trading approach.

My friends, I would like you to meet Ilan Azbel.

Ilan joins us to discuss algorithmic trading, and share some insights on a side of trading that is unfamiliar territory to many, especially in the retail space.

While we spoke for close to an hour, in the scheme of things, we only just managed to scratch the surface. But all in all, I think you'll find this really interesting and enough to get you curious (and maybe even excited) about the possibilities of algorithmic trading.

While he relies on technicals to a certain degree, his edge comes from the ability to adapt the mindset of other participants and gauge entries based on their fear. Lance refers to this as the metagame, which he breaks down in much greater detail during the interview.

Lance also goes into how he controls tight stops, and uses an aggressive risk management strategy to trade without fear. Plus, this segment includes some great tips on how to nail the re-entry, that many traders struggle with, mainly due to psychology reasons.

TAKE NOTE: Lance will be keeping a close eye on the comments - so go to chatwithtraders.com/lance and leave a question you would like him to answer!]]>Let me introduce you to, Lance Beggs - a price action trader that is a little different to most... While he relies on technicals to a certain degree, his edge comes from the ability to adapt the mindset of other participants and gauge entries based on their fear. Lance refers to this as the metagame, which he breaks down in much greater detail during the interview. Lance also goes into how he controls tight stops, and uses an aggressive risk management strategy to trade without fear. Plus, this segment includes some great tips on how to nail the re-entry, that many traders struggle with, mainly due to psychology reasons. TAKE NOTE: Lance will be keeping a close eye on the comments - so go to chatwithtraders.com/lance and leave a question you would like him to answer!]]>51:40nofull012: Adam Ryan – Speaks on the game-changing lessons that propelled his trading success, and how to crush your goals this yearWed, 18 Mar 2015 23:28:21 +0000Just like the majority of those who make it, Adam will not hesitate to tell you, he was no overnight success. He went through the same struggles and faced the same challenges that many of us can relate to.

However, the one thing that set Adam apart was the fact he never gave up. And it was that determination and perseverance that landed him in the hot seat with a trading mentor, who was able to steer him in the right direction.

Jumping forward a few years Adam has forged his own method for success, and actively trades Crude Oil, Gold, and the S&P 500 futures.

During this interview you will hear about his journey on a much deeper level, and you’ll pick up many great pointers, especially around the topic of setting goals and how to actually achieving them.

]]>Just like the majority of those who make it, Adam will not hesitate to tell you, he was no overnight success. He went through the same struggles and faced the same challenges that many of us can relate to.

However, the one thing that set Adam apart was the fact he never gave up. And it was that determination and perseverance that landed him in the hot seat with a trading mentor, who was able to steer him in the right direction.

Jumping forward a few years Adam has forged his own method for success, and actively trades Crude Oil, Gold, and the S&P 500 futures.

During this interview you will hear about his journey on a much deeper level, and you’ll pick up many great pointers, especially around the topic of setting goals and how to actually achieving them.

]]>40:31nofull011: Zach Hurwitz – Using VWAP to gauge where the big boys interact with markets, and how to exploit trading technologyWed, 11 Mar 2015 23:38:19 +0000On the other hand, if you’re already somewhat familiar, then I can promise that you will learn a whole lot more and really benefit from this weeks guest – Zach Hurwitz…

For Zach, VWAP forms the lifeline of his trading, and for good reason, this indicator is heavily relied on by many institutional and algorithmic traders.

Over the next two hours (yes, two hours!) Zach delivers a thought-provoking introduction to VWAP. And shares many insights around his trading philosophies, psychology pointers, and what it takes to code a trading system.

TAKE NOTE: Zach is offering a 30 minute one-on-one coaching session at no cost, exclusively to listeners of Chat With Traders. Listen to the full interview, for details on how to take him up on this generous offer.

]]>On the other hand, if you’re already somewhat familiar, then I can promise that you will learn a whole lot more and really benefit from this weeks guest – Zach Hurwitz…

For Zach, VWAP forms the lifeline of his trading, and for good reason, this indicator is heavily relied on by many institutional and algorithmic traders.

Over the next two hours (yes, two hours!) Zach delivers a thought-provoking introduction to VWAP. And shares many insights around his trading philosophies, psychology pointers, and what it takes to code a trading system.

TAKE NOTE: Zach is offering a 30 minute one-on-one coaching session at no cost, exclusively to listeners of Chat With Traders. Listen to the full interview, for details on how to take him up on this generous offer.

]]>02:03:12yesfull010: Tim Grittani – Links 5 key factors to the majority of his success as a 7-figure trader, and discusses the transition from OTC to NASDAQ stocksWed, 04 Mar 2015 22:31:22 +0000It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he's predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.

He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.

Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.

Plus, you'll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you'll hear when the ongoing problem surfaced, it got ugly - real quick!

Important: This is now one of your last chances to ENTER OUR MASSIVE GIVEAWAY at http://chatwithtraders.com/giveaway

]]>It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he's predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.

He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.

Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.

Plus, you'll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you'll hear when the ongoing problem surfaced, it got ugly - real quick!

Important: This is now one of your last chances to ENTER OUR MASSIVE GIVEAWAY at http://chatwithtraders.com/giveaway

A Major in Quantitative Finance who was once without a home, dirt poor and had the odds stacked against him. But with a point to prove and the hustlers ambition, he chased down a mentor who would carefully show him the ropes, and gradually transform him into a trader who could make smart decisions, and smart trades.

After spending his last dollar on a plane ticket to Las Vegas to attend a trading conference, he got in the ear of Anand ‘Lucci’ Sanghvi (EP 008), and convinced him that starting a hedge fund would be a wise idea.

Fast forward a few years, Peter now leads the hedge fund operations at Sang Lucci Capital Partners, including a completely automated high frequency trading fund. And has a mind-blowing understanding of market structure, as you are about to witness.

But before you do anything else, be sure to ENTER OUR MASSIVE GIVEAWAY at chatwithtraders.com/giveaway.

]]>Folks, meet Peter Zhang.

A Major in Quantitative Finance who was once without a home, dirt poor and had the odds stacked against him. But with a point to prove and the hustlers ambition, he chased down a mentor who would carefully show him the ropes, and gradually transform him into a trader who could make smart decisions, and smart trades.

After spending his last dollar on a plane ticket to Las Vegas to attend a trading conference, he got in the ear of Anand ‘Lucci’ Sanghvi (EP 008), and convinced him that starting a hedge fund would be a wise idea.

Fast forward a few years, Peter now leads the hedge fund operations at Sang Lucci Capital Partners, including a completely automated high frequency trading fund. And has a mind-blowing understanding of market structure, as you are about to witness.

But before you do anything else, be sure to ENTER OUR MASSIVE GIVEAWAY at chatwithtraders.com/giveaway.

]]>01:13:05nofull008: Anand "Lucci" Sanghvi – Slinging PS3’s, accumulating millions, and hard-hitting psychology lessons with Sang Lucci's head traderWed, 18 Feb 2015 22:24:52 +0000Let me introduce you to a man who came through the doors of a prop firm in 2006, with absolutely no trading knowledge. Zilch! He mashed keys for a few years until the firm later shut shop during the GFC, then he was out on his own. Gathering $50,000 he rapidly compounded this to $2,400,000 in the two years that followed...

His name is Anand ‘Lucci’ Sanghvi, and that was just the warm up. Here he is to share his story in much more detail, and open up about some of the hard lessons he’s learnt along the way. Pay extra close attention when he talks about trading psychology – this is straight up gold!

And before you do anything else, make sure to enter our MASSIVE GIVEAWAY at: http://chatwithtraders.com/giveaway

]]>Let me introduce you to a man who came through the doors of a prop firm in 2006, with absolutely no trading knowledge. Zilch! He mashed keys for a few years until the firm later shut shop during the GFC, then he was out on his own. Gathering $50,000 he rapidly compounded this to $2,400,000 in the two years that followed...

His name is Anand ‘Lucci’ Sanghvi, and that was just the warm up. Here he is to share his story in much more detail, and open up about some of the hard lessons he’s learnt along the way. Pay extra close attention when he talks about trading psychology – this is straight up gold!

And before you do anything else, make sure to enter our MASSIVE GIVEAWAY at: http://chatwithtraders.com/giveaway

]]>01:18:46yesfull006: Tim Walker – Using technical analysis and the methods of Gann to takeout the big movesWed, 04 Feb 2015 23:16:30 +0000A couple years back, I had the opportunity of attending an intimate 3 day workshop he tutored. Over these few days, Tim was an open book of trading knowledge and it was clear he knows how to extract a serious profit from the market. With that in mind, I knew I had to have him on the show to share some of those insights with you.

In today's episode Tim consistently deliverers great pointers, especially for those who are technically inclined. He also goes into detail about the influence Gann's methods have on his own approach to trading. In particular Gann's '50% rule' which continues to hold weight in today's market - study and backtest this one, see for yourself.

Now there's a lot to takeaway from this interview, hence the length and the extensive list of lessons below. It may even be a good idea to play it through twice - enjoy!

]]>A couple years back, I had the opportunity of attending an intimate 3 day workshop he tutored. Over these few days, Tim was an open book of trading knowledge and it was clear he knows how to extract a serious profit from the market. With that in mind, I knew I had to have him on the show to share some of those insights with you.

In today's episode Tim consistently deliverers great pointers, especially for those who are technically inclined. He also goes into detail about the influence Gann's methods have on his own approach to trading. In particular Gann's '50% rule' which continues to hold weight in today's market - study and backtest this one, see for yourself.

Now there's a lot to takeaway from this interview, hence the length and the extensive list of lessons below. It may even be a good idea to play it through twice - enjoy!

]]>58:43nofull005: Steve Burns – What separates new traders from rich traders, and how to cross the divideWed, 28 Jan 2015 22:30:27 +0000With tight risk management being one of them, he shares some of his own rules that could potentially save you a lot of money. And it’s worth noting, these rules have prevented Steve from returning to the severe drawdowns he experienced first-hand when starting out.

But really that’s just the tip of the iceberg. We also go into the methods that Steve uses to actively trade in today’s market, and he how he found a system that works for him. So hit ‘play’ and enjoy some quality trading tips for the next 35 minutes.

]]>With tight risk management being one of them, he shares some of his own rules that could potentially save you a lot of money. And it’s worth noting, these rules have prevented Steve from returning to the severe drawdowns he experienced first-hand when starting out.

But really that’s just the tip of the iceberg. We also go into the methods that Steve uses to actively trade in today’s market, and he how he found a system that works for him. So hit ‘play’ and enjoy some quality trading tips for the next 35 minutes.

Here we are, the fourth episode of Chat With Traders and I’m joined by a special guest who has ridden many waves of the financial markets. Placing his first trade in 1985, Nick Radge was immediately hooked on the idea that one could profit from identifying trends.

Nick is here today to share some of the crucial lessons that have kept him in the game for almost 30 years. What I like most about this interview is Nick shines light on many areas of trading that are not often spoken about. I’ve briefly listed just a few of these lessons below, but listen to the full interview and discover how you can use these to become a sharper trader.

]]>Here we are, the fourth episode of Chat With Traders and I’m joined by a special guest who has ridden many waves of the financial markets. Placing his first trade in 1985, Nick Radge was immediately hooked on the idea that one could profit from identifying trends.

Nick is here today to share some of the crucial lessons that have kept him in the game for almost 30 years. What I like most about this interview is Nick shines light on many areas of trading that are not often spoken about. I’ve briefly listed just a few of these lessons below, but listen to the full interview and discover how you can use these to become a sharper trader.

]]>49:18nofull003: Timothy Sykes – Inside the world of penny stocks and how to profit from market inefficienciesMon, 12 Jan 2015 01:19:33 +0000Timothy Sykes joins us here on the third episode of Chat With Traders to share his passion for playing penny stocks, and how traders can benefit from common scams and manipulation.

You might also find it entertaining to know that Tim has called out multiple celebrities about promoting sketchy penny stocks, so of course, I ask him about this too. Enjoy!

]]>Timothy Sykes joins us here on the third episode of Chat With Traders to share his passion for playing penny stocks, and how traders can benefit from common scams and manipulation.

You might also find it entertaining to know that Tim has called out multiple celebrities about promoting sketchy penny stocks, so of course, I ask him about this too. Enjoy!

]]>33:02yesfull002: Kirk Du Plessis – How to gain an edge when trading options, with the head trader of Option AlphaMon, 12 Jan 2015 00:49:03 +0000Throughout the interview we discuss Kirk's journey in great detail, plus much more. But not to give to much away… Just know this is a jam packed episode with Kirk sharing plenty of great insights on how you can gain an edge with your trading. This is certainly an interview you should not skip past.]]>Throughout the interview we discuss Kirk's journey in great detail, plus much more. But not to give to much away… Just know this is a jam packed episode with Kirk sharing plenty of great insights on how you can gain an edge with your trading. This is certainly an interview you should not skip past.]]>40:14nofull001: Jerry Robinson – Talks in-depth about his journey from newbie to veteran traderMon, 12 Jan 2015 00:26:42 +0000Back in 1997, a work colleague let it slip that he had been making some tidy profits buying and selling stocks, Jerry took an interest and shortly after began trading with a $700 account.

But it wasn’t smooth sailing from day one, Jerry had his fair share of up’s and down’s, as you will soon discover from listening to this interview. Better yet, you will also hear about what he learnt from these, and how he now profitably trades the market.

]]>Back in 1997, a work colleague let it slip that he had been making some tidy profits buying and selling stocks, Jerry took an interest and shortly after began trading with a $700 account.

But it wasn’t smooth sailing from day one, Jerry had his fair share of up’s and down’s, as you will soon discover from listening to this interview. Better yet, you will also hear about what he learnt from these, and how he now profitably trades the market.